The European Commission has put forward its proposal for a major recovery plan. To ensure the recovery is sustainable, even, inclusive and fair for all Member States, the European Commission is proposing to create a new recovery instrument, Next Generation EU, embedded within a powerful, modern and revamped long-term EU budget.

In this episode I sit down with Ignacio Jiménez to talk about the complexities of the package, its consequences and the actions taken by the ECB to help Member States cope with the crisis.