The current pandemic continues to set back the European economy and is expected to cause an even deeper recession than the ones caused by the global financial and Eurozone crises, whose scars had been barely overcome in several countries in Europe. Although the short-term emergency responses to the Covid-crisis have been primarily national, the EU has not been idle and has taken steps to facilitate and coordinate its member states' actions. The Recovery Fund which was proposed by the European Commission on 26 May and agreed on by the EU leaders on 21 July is an important step in alleviating the economic consequences of the pandemic as well as for EU integration in general but it will not be enough to meet the challenges Europe faces according to a recent joint Policy Brief by the Macroeconomic Policy Institute (IMK) in Düsseldorf, the Paris-based Observatoire français des conjonctures économiques (OFCE) and the Vienna Institute for International Economic Studies (wiiw). They argue that the response needs to take account of the longer-run structural challenges, and above all that of climate change.
At this joint ETUI-IMK webinar two of the authors of this Franco-German-Austrian proposal for a European Covid-19 recovery programme will present their views and will then discuss with Liina Carr, ETUC Confederal Secretary and Marta Pilati from the European Policy Centre (EPC).
- Jérôme Creel, Director of the Research Department at OFCE (Sciences Po), Paris,
- Andrew Watt, Head of Unit European economic policy at IMK, Düsseldorf, (download here the presentation)
- Marta Pilati, Policy analyst, European Policy Centre (EPC), Brussels and
- Liina Carr, ETUC Confederal Secretary
Host: Sotiria Theodoropoulou, Head of Unit European economic, employment and social policies, ETUI
Download here the Policy Brief by Creel, Jérôme,Holzner, Mario,Saraceno, Francesco,Watt, Andrew,Wittwer, Jérôme: How to spend it; IMK Policy Brief , Düsseldorf