Year: 2020
Type: article
Abstract: In July 2020, the European Commission announced its €750 billion package to revive the postpandemic European economy, Next Generation EU. The programme comprises a number of loans and grants that will be funded by taking out European debt. Although the rules on liability sharing for Next Generation EU prevent a significant mutualisation of the debt, European leaders have taken the long-recognised significant first step towards European financial and political unification that stands in stark contrast to the misguided austerity programmes during the European sovereign debt crisis.
Source: Intereconomics
Author: Oliver Picek
Institution: Momentum Institute
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: gold
Estimated APC paid:
OpenAlex ID: W3089377599