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 |
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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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| _version_ | 1841525652520435712 |
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| author | Oliver Picek |
| author_facet | Oliver Picek |
| author_sort | Oliver Picek |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-c5effe7daa654dbea446dd38e44ebdcd |
| institution | Kabale University |
| issn | 0020-5346 1613-964X |
| language | English |
| publishDate | 2020-10-01 |
| publisher | Springer |
| record_format | Article |
| series | Intereconomics |
| spelling | doaj-art-c5effe7daa654dbea446dd38e44ebdcd2025-01-17T08:34:12ZengSpringerIntereconomics0020-53461613-964X2020-10-0155532533110.1007/s10272-020-0923-zSpillover Effects From Next Generation EUOliver Picek0Momentum-InstitutAbstract 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.https://doi.org/10.1007/s10272-020-0923-z |
| spellingShingle | Oliver Picek Spillover Effects From Next Generation EU Intereconomics |
| title | Spillover Effects From Next Generation EU |
| title_full | Spillover Effects From Next Generation EU |
| title_fullStr | Spillover Effects From Next Generation EU |
| title_full_unstemmed | Spillover Effects From Next Generation EU |
| title_short | Spillover Effects From Next Generation EU |
| title_sort | spillover effects from next generation eu |
| url | https://doi.org/10.1007/s10272-020-0923-z |
| work_keys_str_mv | AT oliverpicek spillovereffectsfromnextgenerationeu |