In 2020, the Covid-19 crisis generated a long-awaited paradigm shift in European economic governance. An unprecedented policy response was provided, together with an entirely new approach to fiscal capacity. The dogma of keeping the EU budget around 1 per cent of the Gross National Income (GNI) and keeping it in balance every year evaporated within a few months.
As we look forward to building the Europe of of the next ten years, it is clear that it is not enough to create a new model budget, under the fancy name Next Generation EU (NGEU). Instead this moment in history should be seen as an opportunity to discuss a more substantial reconstruction of the Economic and Monetary Union (EMU) and to take crucial steps in practice. Changes are needed for truly improving the resilience,
Articles by László Andor
How to strengthen European solidarity?
December 14, 2020In 2020, the Covid-19 crisis generated a long-awaited paradigm shift in European economic governance. An unprecedented policy response was provided, together with an entirely new approach to fiscal capacity. The dogma of keeping the EU budget around 1 per cent of the Gross National Income (GNI) and keeping it in balance every year evaporated within a few months.As we look forward to building the Europe of of the next ten years, it is clear that it is not enough to create a new model budget, under the fancy name Next Generation EU (NGEU). Instead this moment in history should be seen as an opportunity to discuss a more substantial reconstruction of the Economic and Monetary Union (EMU) and to take crucial steps in practice. Changes are needed for truly improving the resilience,
Read More »How to strengthen European solidarity?
December 14, 2020In 2020, the Covid-19 crisis generated a long-awaited paradigm shift in European economic governance. An unprecedented policy response was provided, together with an entirely new approach to fiscal capacity. The dogma of keeping the EU budget around 1 per cent of the Gross National Income (GNI) and keeping it in balance every year evaporated within a few months.As we look forward to building the Europe of of the next ten years, it is clear that it is not enough to create a new model budget, under the fancy name Next Generation EU (NGEU). Instead this moment in history should be seen as an opportunity to discuss a more substantial reconstruction of the Economic and Monetary Union (EMU) and to take crucial steps in practice. Changes are needed for truly improving the resilience,
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