EU Fiscal Capacity: Legal Integration After Covid-19 and the War in Ukraine argues that the NGEU constiutes a profound overhaul in the EU architecture of economic governance. Moving away from the fiscal surveillance shown in response to the euro-crisis, the EU has adopted a strategy of fiscal federalism more akin to the United States. In the highly polarized debate about fiscal federalism in Europe, Fabbrini has chosen his side and offers a vibrant and well-argued plea in favour of true federal budget and a more integrated and democratic Europe.