Spillover Effects From Next Generation EU
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 Ge...
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2020-10-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0923-z |
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| Summary: | 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. |
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| ISSN: | 0020-5346 1613-964X |