Center-periphery relations in the European Union after coviD

The pandemic has caused the largest drop in the gross domestic product (GDP) per capita in its history in the European Union. The response of the community authorities has been exceptional and a recovery fund of 700 billion euros has been launched. Is this an investment program to recover the growth path before the pandemic or is it also an opportunity to correct the structural inequalities that drag the European Union and the Eurozone and that worsened after the last financial crisis? In this text, we argue that the second objective is the desirable one and that it will only be achieved if resources are directed by a modern industrial policy strategy that allows peripheral countries to improve the technological intensity of their productive structures.