NTERNAL FRICTIONS, external worries and some long-anticipated farewells will be the order of the day for the European Union in 2021. A colossal amount of effort went into agreeing to issue €750bn ($888bn) in collective debt for the first time to allay a financial crisis, as covid-19 racked the continent. In 2021 EU politicians will learn that agreeing to borrow the money was the easy bit—agreeing how to spend it will be much harder.
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