Europe | So far, so good

The EU’s covid-19 recovery fund has changed how Europe spends money

But there are further tests to come

LISBON, PORTUGAL - JUNE 16: The President of the European Commission Ursula von der Leyen listens to a question during a joint press conference held with Portuguese Prime Minister Antonio Costa in the Pavilion of Knowledge during the COVID-19 Coronavirus pandemic on June 16, 2021 in Lisbon, Portugal. Ursula von der Leyen visits Lisbon and Madrid today to begin approving recovery plans submitted by nations seeking funding from the EU Coronavirus 750-billion-euro recovery fund starting in Portugal and Spain. Portugal has made the rapid adoption of these recovery plans a priority following their recommendation by the Commission and being the first country to submit its own in April. Spain is set to receive 140 billion euros. (Photo by Horacio Villalobos#Corbis/Corbis via Getty Images)
|BRUSSELS

The adage that Europe is forged in crisis may be about to acquire a refinement. By the time a response to any given crisis is operational, which takes a while in a 27-country bloc, there is a good chance that the crisis will be more or less over. But the response might well turn out to be just in time for the next one.

This article appeared in the Europe section of the print edition under the headline “So far, so good”

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