On the 21st July, the European Council took a very important decision, after four days of intense and often difficult negotiations. The agreement was found on an amount of money which is high: 1.82 trillion Euros long-term budget including a temporary recovery instrument, Next Generation EU. For the first time, to fund this new instrument, the EU Council agreed on enabling the EU Commission to borrow funds from the market. This historical agreement and its consequences will be the main subject of our last issue before the summer break. Enjoy NEU and the summer too! See you in September.