While the magnitude of the current pandemic is still unknown, Eastern Europe might be facing a major regional catastrophe. The six countries of the EU’s Eastern Partnership (EaP) have dysfunctional health-care systems and lack resources and protective equipment for their doctors and hospitals. The European Commission’s offer of immediate assistance is good news. However, much more will be needed to help the EU’s eastern partners fight the coronavirus and mitigate the socioeconomic impact of this crisis.
Topic:
Regional Cooperation, European Union, Partnerships, Crisis Management, Coronavirus, and Pandemic
While the ECB has already taken bold steps, the EU member states need to support its efforts by committing to underwrite together some of the fiscal costs of the COVID-19 Pandemic. The best option would be to launch a Corona Fund with the power to mobilize 1 trillion EUR—support for such a fund need not be unanimous.
Topic:
Regional Cooperation, European Union, Economy, Recovery, Pandemic, and COVID-19
Christian Mölling, Torben Schütz, and Sophia Becker
Publication Date:
04-2020
Content Type:
Policy Brief
Institution:
German Council on Foreign Relations (DGAP)
Abstract:
Due to the COVID-19 pandemic, Europe is headed for a recession that will dwarf the economic downturn after the 2008 financial crisis. The impact on national defense sectors could be devastating. But as crisis and responses are still in the early stage, governments can still take measures to mitigate the effect on defense. To safeguard political and defense priorities, EU and NATO States need to act jointly and decisively.
Topic:
Defense Policy, NATO, European Union, Deterrence, Pandemic, and COVID-19
As the coronavirus pandemic fuels technological and geopolitical competition among the great powers, Europe’s relations with China and Russia are facing new challenges and risks. Still, the reconfiguration of power in Eurasia also brings unexpected opportunities for European actors in the area of connectivity. To seize them, the EU needs to reconcile its aspiration to be a globally accepted “normative-regulatory” power with both its limited financial means and its more assertive attitude to geopolitics.
Topic:
Science and Technology, European Union, Geopolitics, Strategic Competition, Pandemic, and COVID-19
As the coronavirus pandemic fuels technological and geopolitical competition among the great powers, Europe’s relations with China and Russia are facing new challenges and risks. Still, the reconfiguration of power in Eurasia also brings unexpected opportunities for European actors in the area of connectivity. To seize them, the EU needs to reconcile its aspiration to be a globally accepted “normative-regulatory” power with both its limited financial means and its more assertive attitude to geopolitics.