The Recovery and Resilience Facility: What are we really monitoring with a performance-based approach?
The introduction of milestones and targets to monitor National Recovery and Resilience Plans (NRRPs) has been welcomed as a positive step for the EU budget, a shift away from simple money managing to one focused on achieving policy objectives. But are the milestones and targets (M&Ts) adequate enough to really monitor the plans’ effective implementation? […]
How robust is the EU recovery?
Earlier in 2021 most economists, including those within international organisations, predicted that recovery from the outbreak of the Covid-19 pandemic would be much faster in the US than in Europe. A faster vaccine rollout and the huge fiscal stimulus announced by the new Biden administration, in contrast with the EU’s inherent institutional problems and its […]
Fiscal rules in a post-Covid brave new world
On 19 October 2021, the European Commission published a Communication to relaunch the public debate on the review of the EU economic governance framework. A key issue to be discussed is how to ensure sustainable public finances in all Member States when the ‘general escape clause’ is eventually lifted, in place since March 2020. At […]
Impacts of the Covid-19 pandemic on EU industries
The Covid-19 crisis has had a substantial impact on the EU27 economy and triggered unprecedented policy responses across Europe and the globe. With evidence on the effects on EU industry manifested until the beginning of 2021, this report addresses the following issues: i) the impact of Covid-19 on the EU economy as a whole and across sectors ii) […]