Analyses 8 July 2022 “Double dualisation” and the COVID-19 pandemic. Widening socio-economic inequalities in Europe and the potential for Next Generation EU to stem them By Marcello Natili, Fedra Negri and Stefano Ronchi The COVID-19 pandemic has exacerbated pre-existing divides and socio-economic risks. This is particularly worrisome in Europe, where the Great Recession and the sovereign debt crisis had already led scholars to speak of a ‘double dualisation’ (Heidenreich 2016). Did the COVID-19 pandemic also worsen income inequalities between insiders and outsiders and between core and peripheral countries?