Date: 2021
Type: Article
Did the EU’s crisis response meet the moment?
Current history, 2021, Vol. 120, No. 824, pp. 93–99
JONES, Erik, Did the EU’s crisis response meet the moment?, Current history, 2021, Vol. 120, No. 824, pp. 93–99
- https://hdl.handle.net/1814/74049
Retrieved from Cadmus, EUI Research Repository
In contrast with their halting response to the global financial crisis a decade ago, European policymakers acted quickly to mitigate the economic damage from the COVID-19 pandemic. They eased the way for governments to run deficits and increase their debt loads. In a breakthrough, the European Union agreed to a plan for common borrowing for a pandemic recovery fund. Although controversial in some countries, common debt would make it easier to address inequities among member states. But the plan was nearly derailed by objections from Poland and Hungary to a provision that would withhold funds from member states that violate the rule of law and other democratic norms, raising doubts about how transformative the borrowing precedent would prove to be.
Additional information:
Published online: 01March 2021
Cadmus permanent link: https://hdl.handle.net/1814/74049
Full-text via DOI: 10.1525/curh.2021.120.824.93
ISSN: 0011-3530; 1944-785X
Publisher: University of California Press
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