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What do you mean by "not covariantly constructed"? We work with relativistic effective QFTs all the time, describing hadrons. They are all manifestly Poincare covariant. Of course it uses the usual "heuristics". We cannot wait until the mathematicians have found a way to make these heuristics rigoros. If we'd do so we'd still only describe free fields for the realistic case of (1+3) spacetime dimensions. Obviously the mathematicians haven't found a way to make QFTs describing real-world physics rigorous after more than 50 years of "axiomatic QFT" and its siblings.A. Neumaier said:But this is a pure belief while you phrase your assertions as if they were facts.
There is no evidence at all that QED does not exist as a mathematically sound theory. EFT is just a bag of heuristics (none of the EFTs are covariantly constructed) that pushes the unresolved issues under
the carpet.