With €150 billion, the Recovery and Resilience Facility (RRF) currently provides the largest EU funding for the EU's digital transition. We assessed whether the digital measures included in the national plans address the main digital needs that were previously identified, and make an effective...

With €150 billion, the Recovery and Resilience Facility (RRF) currently provides the largest EU funding for the EU's digital transition. We assessed whether the digital measures included in the national plans address the main digital needs that were previously identified, and make an effective...

The Recovery and Resilience Facility (RRF) is integrated into the European Semester framework for economic and social policy coordination. It is the cornerstone of the NextGenerationEU package and provides funds to Member States for the implementation of the reforms and investments in their...

The Recovery and Resilience Facility (RRF) is integrated into the European Semester framework for economic and social policy coordination. It is the cornerstone of the NextGenerationEU package and provides funds to Member States for the implementation of the reforms and investments in their...

The Recovery and Resilience Facility (RRF) is the cornerstone of NextGenerationEU, the EU's post-covid Recovery Plan. With a budget of EUR 650 billion, amounting to around 4% of the EU GDP, the RRF finances over 2,800 reform and investment measures aross the EU from 2020 to 2026. To date, most...

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...

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...

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 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...

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...

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...

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...

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...

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),...

Policy recommendations:• The Recovery and Resilience Facility (RRF), which makes up the bulk of the ‘Next Generation EU' plan, with 672.5 billion euros (€) in loans and grants (out of a total of €750 billion), has given new momentum to policy and political coordination in the EU. As...

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...

Key messages: The Policy Brief analyzes to what extent the funds provided by the Recovery and Resilience Facility (RRF) are used by member states to finance new projects (additionality of public investments). The analysis shows that in the EU-27 there is no significant relationship between the...

This open access book delivers a much-needed analysis of the relationship between the EU's financial constitution and European integration.The economic rescue package NextGenerationEU has multiplied the EU's financial volume and thereby raised the question of the state of European integration...

This policy brief analyses the macroeconomic effects of the EU's Recovery and Resilience Facility (RRF). We present the basics of the RRF and then use the macroeconometric multi-country model NiGEM to analyse the facility's macroeconomic effects. The simulations show, first, that if the funds...