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==2020β22: Impact of the COVID-19 pandemic== [[File:Ursula_von_der_Leyen_(49468709252).jpg|thumb|upright=.7|[[Ursula von der Leyen]] [[President of the European Commission]]<br>(since 1 December 2019)]] {{See also|European Union response to the COVID-19 pandemic|COVID-19 pandemic in Europe}} After the [[COVID-19 recession|economic crisis]] caused by the [[COVID-19 pandemic]] the EU leaders agreed for the first time to emit common debt to finance the European Recovery Program called [[Next Generation EU]] '''(NGEU)'''.<ref>{{cite web |title=Recovery plan for Europe |url=https://ec.europa.eu/info/strategy/recovery-plan-europe_en |website=ec.europa.eu |access-date=2 May 2021}}</ref>
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