What happens now to the EU's post-Covid recovery fund? Last December saw intense negoations among EU leaders on the recovery financing and the long-term EU budget (Photo: Council of the European Union) Brussels, 5. May, 07:18 The wheels have started to turn in the EU machinery to get the €800bn recovery package - designed to mitigate the economic fallout from the pandemic - rolling. But it will take time before member states' budgets receive the first euros, at the start of the summer at best, almost a year after EU leaders agreed to issue joint debts to finance the continent's recovery. Read and decide