Promoting European Public Goods

Roel Beetsma and Marco Buti

EconPol Forum, 2024, vol. 25, issue 03, 37-41

Abstract: EU economic policies need to be fundamentally reoriented to deliver European public good (EPGs) in economic and non-economic areas. To attain that, an approach that overcomes the sterile debate between risk reduction and risk sharing is needed “Genuine” EPGs in the area of the green and digital transitions would be financed by a new Fund of some EUR 750bn to be established as a follow up of Next Generation EU, access to which would be conditional on adhering to the revised fiscal rulebook A systematic review of the various existing instruments at the EU level to stimulate investments should be carried out. Where feasible, collecting the EU financing instruments into a single facility would substantially improve the market perception of EU debt In many areas, progress is held back not so much by a lack of available financial resources at the EU level as by a lack of coordination among national governments. In areas such as defense, stepping up the supply of EPGs requires the coordination of national policies rather than additional EU funds Achieving such goals would also help enhance the role of the EU in global governance. The agenda we put forward will require political leadership and a long-term time horizon

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cesifo.org/DocDL/econpol-forum-2024-3- ... -competitiveness.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:epofor:v:25:y:2024:i:03:p:37-41

Access Statistics for this article

EconPol Forum is currently edited by Chang Woon Nam

More articles in EconPol Forum from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().