"Covid-19 has triggered the largest economic recession since the Second World War. Governments injected billions into the economy and paid wages to protect the jobs of millions. EU countries took on shared debts for the first time. Many bold claims followed: austerity is dead, globalisation is a thing of the past, and the European Union has made a huge stride towards federalism. Are we living through an economic paradigm shift? We spoke with Guntram Wolff, director of the think tank Bruegel, about Europe's economic prospects, the recovery fund, and Europe's ecological and digital transformation."

Support: Digital