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EU economic recovery plan

NEXT GENERATIONEU / After prolonged covid-19 restrictions, a revitalization of the economy is high on the political agenda. The EU's "comeback strategy" is an economic recovery plan with 750 billion euros in grants and loan repayments. Are we heading into a federal era? And what lasting ecological measures can be taken in a fast, goal-focused turnaround operation?

This article was translated by Google and R.E.

With the author François Sana

The Covid-19 pandemic and subsequent public health measures have plunged the global economy into the worst crisis since the mid-twentieth century. Europe is no exception, where the European Commission economic analyzes shows a fall of 6,4 percent in EU GDP in 2020.

A healthy economy is not the only thing at stake for the EU in crisis management. The EU is already weakened by Brexit and political forces hostile to the EU's liberal project of political integration. The EU must now show solidarity within and show that the Union can break away from the austerity policies used in previous crises, but without abandoning its most important political goals – such as the "European Green Deal".

A thorough examination of these points shows that despite clear progress, the EU's strategy will not lead to a radical transformation of the European project in the future, but will at best involve a few modifications while reopening important debates on the future of the Union.

A little Hamilton moment

Creating a common debt to finance investments is a federalist method that is effectively used to cement political in. . .

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