The COVID-19 crisis wrought great damage on the EU and its economy, which led to the rapid adoption of an ambitious recovery strategy, with the Recovery and Resilience Facility (RRF) as its centrepiece. The RRF aims to provide Member States with more than EUR 700 billion in loans and grants to...

Three years after the adoption of the Recovery and Resilience Facility (RRF), this report reviews the quality of the social partners' involvement in 2023 in the ongoing implementation of reforms and investments funded by that initiative. It also examines the quality of their involvement in the...

With the aim of contributing to the ongoing discussions on the future of post-2027 Cohesion Policy (CP), this chapter delves into the functioning of the Recovery and Resilience Facility (RRF). It examines the interplay between the RRF and CP, illustrating their respective governance structures,...

This report addresses the legal aspects of how the EU’s Cohesion Policy has changed over the past decade, exploring the legal argumentation behind its transformation. Cohesion Policy used to be understood as a policy with distinct features and clear limits, characterised by its focus on...

Three years after the adoption of the Recovery and Resilience Facility (RRF), this report reviews the quality of the social partners' involvement in 2023 in the ongoing implementation of reforms and investments funded by that initiative. It also examines the quality of their involvement in the...

Die EU hat seit 2010 in einer Reihe sich überlappender Krisen weitreichende Instrumente in- und außerhalb der EU-Verträge eingeführt, die ihre Verantwortlichkeiten ausgeweitet haben. Diese Instrumente haben oft strukturbildenden Charakter und/oder dienen als Präzedenzfälle in nachfolgenden...

Since 2010, amid a series of overlapping crises, the EU has introduced far-reaching instruments both within and beyond the EU treaties that have expanded its responsibilities. These instruments often have a structure-defining character and/or have served as precedents in subsequent crises. An...

Since 2010, amid a series of overlapping crises, the EU has introduced far-reaching instruments both within and beyond the EU treaties that have expanded its responsibilities. These instruments often have a structure-defining character and/or have served as precedents in subsequent crises. An...

Die EU hat seit 2010 in einer Reihe sich überlappender Krisen weit­reichende Instrumente in- und außerhalb der EU-Verträge eingeführt, die ihre Verantwortlichkeiten ausgeweitet haben. Diese Instrumente haben oft strukturbildenden Charakter und/oder dienen als Präzedenzfälle in...

This review provides a comparative analysis of cohesion policy funds and the Recovery and Resilience Facility (RRF). The two instruments have considerable similarities, but also differ in many respects. The cohesion policy is the EU's main long-term investment policyto promote economic, social...

This study assesses the potential macroeconomic impact of the stimulus and the structural reforms supported by the Recovery and Resilience Facility (RRF) on the Greek economy. The set-up is a Dynamic Stochastic General Equilibrium (DSGE) model that is augmented to account for the main features...

To benefit from the newly established EU Recovery and Resilience Facility (RRF), the Visegrád countries - Czechia, Slovakia, Hungary, and Poland - have submitted their national recovery plans. The Czech and Slovak plans have already been approved by the EU, paving the way for the up-front...

Die Europäische Union wird sich für die Finanzierung des Next-Generation-EU-Programms im großen Umfang verschulden. Die Tilgung dieser Schulden soll bis in das Jahr 2058 andauern. Im Zusammenhang mit dem Eigenmittelbeschluss für die Jahre 2021 bis 2027 wurde vereinbart, neue...

In response to the Covid-19 pandemic, major financial support has been pledged to Member States. This funding draws on the EU's multiannual financial framework and the ‘NextGenerationEU' with, at its core, the temporary ‘Recovery and Resilience Facility' (RRF). While some reporting templates...

The paper deals first with the characters of unemployment and inflation and their trend in the EMU. Then it underlines that EMU's institutions tend to reduce inflation to a minimum, while limiting fiscal interventions at the national and the European level. The policies implemented recently...

This paper conducts an in-depth analysis of the National Recovery and Resilience Plans (NRRPs) of Austria, Belgium, and Germany. Exploiting a detailed database that covers all the investments and reforms included in the NRRPs and building on insights from semi-structured expert interviews, we...

In this article, we discuss the interaction between the Covid-19 vaccine rollout in EU member states and the effective use of grants and soft loans from the EU pandemic recovery fund. With some of the national spending plans for the Recovery Fund still awaiting initial submission (Bulgaria),...

This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings suggest that the envisaged national investment and reform plans present a coherent package to support both recovery from the pandemic-induced crisis and longer-term...

Using data from a unique survey of members of parliaments in France, Germany and Italy in 2018, we estimate the effects of three dimensions on EU and euro area fiscal reform preferences: nationality, political ideology, and populism. We predict and confirm that a German populist party on the...

As part of the Next Generation EU (NGEU) program, the European Commission has pledged to issue up to EUR 250 billion of the NGEU bonds as green bonds, in order to confirm their commitment to sustainable finance and to support the transition towards a greener Europe. Thereby, the EU is not only...