The COVID-19 pandemic and the dramatic recession that ensued, have precipitated new and ambitious economic and monetary policy initiatives at the European Union level. This article takes stock of the measures taken thus far and reflects on the impact of the ongoing crisis on the Eurozone’s...

This chapter looks at implications of the newly-enacted instruments of EU economic governance for national economic, fiscal and social policy. In doing so, it adopts a bipartite structure and distinguishes between lender and borrower states. It seeks to shed light on the practical application of...