Irish Examiner view: EU fund offers plan for the future

The announcement by the president of the European Commission, Ursula von der Leyen, of a €750bn recovery fund is a defining moment in Europe’s response to the Covid-19 crisis and could also mark a significant challenge to EU cohesion and integration.

The fund is part of an overall package worth in total €1.85trn for the EU’s next long-term budget that would see the commission borrowing on the capital markets on a scale never seen before.