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Spillover Effects From Next Generation EU

Oliver Picek

Intereconomics: Review of European Economic Policy, 2020, vol. 55, issue 5, 325-331

Abstract: Abstract In July 2020, the European Commission announced its €750 billion package to revive the postpandemic European economy, Next Generation EU. The programme comprises a number of loans and grants that will be funded by taking out European debt. Although the rules on liability sharing for Next Generation EU prevent a significant mutualisation of the debt, European leaders have taken the long-recognised significant first step towards European financial and political unification that stands in stark contrast to the misguided austerity programmes during the European sovereign debt crisis.

Date: 2020
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DOI: 10.1007/s10272-020-0923-z

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