00:00Our economies are rebounding sharply thanks to the unprecedented support from governments
00:06and central banks.
00:08The experience of the European Union offers a prime example of the resilience of democracies.
00:15In the darkest days of the crisis, we launched Next Generation EU, a 750 billion euro program
00:23of reforms and investment funded through joint borrowing.
00:27We chose to stand united and share collectively the costs of the recovery.
00:35We turned the pandemic into an opportunity to reverse long-standing inequalities, enhance
00:42sustainability and nurture innovation.
00:45In short, we bet big on future generations.
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