European Union financial instrument (750 million euros) created in response to the Covid-19-induced crisis. It includes a component of funds disbursed to member states (312.5 billion euros) and a component disbursable to member states in the form of soft loans (360 billion euros). These two components make up the Recovery and Resilience Facility (€672.5 billion, in Italian “European Recovery and Resilience Facility”). The remainder of NGEU (77.5 billion euros) provides supplementary resources to other European funds and programs. NGEU is a temporary instrument (created for exceptional circumstances and with very limited timeframe for use of funds) and innovative (it is financed by obtaining funds on the capital market from the European Commission and provides for different ways of use than other European funds and programs). It is an additional instrument that is not part of the Multi-Year Financial Framework (to which the various European programs and funds pertain). It is also called “Recovery Tool,” “Recovery Instrument,” or “Recovery Package.” The term “Recovery Fund” used in the media may refer to NGEU as a whole or to one of its components. The European Recovery and Resilience Device is declined at the national level by a NRP, or National Recovery and Resilience Plan