Governments in EU member states have been forcefully responding to the impact of the COVID-19 pandemic by using a whole range of measures from loan guarantees for businesses, to deferred taxes, to unemployment benefit and health expenditure. Independent fiscal oversight bodies, tasked to monitor national public finance, are facing an exceptional challenge. Can fiscal sustainability be reconciled with the urgent need to respond to the largest crisis since WWII? How can this be done? Can EU member states continue to act alone? Is there any space for a common EU fiscal response? Representatives of national independent fiscal institutions from Spain, Italy and the Netherlands will share their experience and thoughts on these issues.
Speakers:
- Sander van Veldhuizen, President of the Network of EU Independent Fiscal Institutions and Programme leader at the CPB, Netherlands Bureau for Economic Policy Analysis
- Giuseppe Pisauro, President of the Parliamentary Budget Office, Italy
- Esther Gordo, Director of the Economic Analysis Division, AIReF, Independent Fiscal Authority, Spain
- Daniel Gros, CEPS and Berkeley University
Moderator: Cinzia Alcidi, CEPS
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