This book investigates whether the Next Generation EU (NGEU) recovery instrument represents a permanent shift toward fiscal federalism within the European Union's economic governance architecture. Federico Fabbrini, a professor of European law, analyzes the legal and constitutional implications of the EU's response to the COVID-19 pandemic and the subsequent geopolitical pressures of the war in Ukraine. He argues that these crises forced a transition from the restrictive fiscal surveillance models of the past toward a more integrated, federalized fiscal capacity.

Experts identify this work as a significant contribution to the study of EU constitutional law and the changing nature of European integration. Readers frequently note the academic density of the prose, which is tailored for scholars, policymakers, and students of European institutional law.