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You explain quite well the economic consequences of the crisis.  However, the part of the paper dealing with the EU™s response

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edit my paper according to this: 

You explain quite well the economic consequences of the crisis. 
However, the part of the paper dealing with the EU’s response is weak.
First of all, the MFF is not a crisis-response measure. It is the regular EU budget. EU leaders had begun their negotiations on the next MFF (2021-2027) before the crisis began. In view of the severe economic impact of the crisis, they added a 750-billion-euro recovery fund to the MFF and negotiated the details of this massive financial assistance package in the second half of 2020. You need to discuss this in your paper.
Also, you should mention other EU responses to the economic impact of the crisis, notably suspension of the deficit spending limits of the Stability and Growth Plan; and suspension of the rules governing state aid. 

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