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  • Author: Tsio Tadesse Abebe, Ottilia Anna Maunganidze
  • Publication Date: 03-2021
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: The COVID-19 pandemic has significantly impacted the current state and prospects of partnership between the East African countries and the European Union on migration and forced displacement. The pandemic has exacerbated the root causes of migration and forced displacement. This is manifested by the continuation of irregular arrivals in Europe including from East Africa, after a brief decline in the initial phase of the COVID-19 response. The strong economic impact of the pandemic on the region has also disrupted the implementation of the Global Compact on Refugees that aspires to address forced displacement challenges through facilitating refugees’ self-reliance. These challenges require East African countries and the EU to work towards establishing a better migration governance system with a people-centred approach and with a view to addressing the root causes of migration. East African states should drive their migration and forced displacement policies in ways that benefit their citizens. This should include devising ways of engaging the EU in line with its proposed talent partnerships in its New Pact on Migration and Asylum. The EU should work towards easing the economic burden of countries in East Africa including through providing additional development support and debt cancellation.
  • Topic: Migration, Politics, European Union, Refugees, Coronavirus
  • Political Geography: Africa, Europe
  • Author: Dumitru Minzarari
  • Publication Date: 11-2020
  • Content Type: Policy Brief
  • Institution: NATO Defense College
  • Abstract: The coronavirus pandemic has not only triggered a crisis in public health and safety that engendered a significant economic fallout. The pandemic has also triggered an infodemic, one that sets the context for a significant spike in anti-NATO and anti-Western propaganda. Unless countermeasures are taken, the already deteriorating public opinion vis-a-vis the Alliance can be expected to worsen. Viewed individually, these two pandemic's outcomes have not critically threatened the Alliance; however, their combined effect could become a formidable challenge for NATO. Despite the measures taken, the pandemic is likely to continue exacerbating the frustrations among member states, further fraying the Alliance's unity. This, arguably, is the most immediate and concerning challenge facing NATO today.
  • Topic: Conflict Prevention, NATO, Public Health, Coronavirus
  • Political Geography: Europe, North America
  • Author: Claudia Major
  • Publication Date: 10-2020
  • Content Type: Policy Brief
  • Institution: NATO Defense College
  • Abstract: The COVID-19 crisis is teaching European countries that a pandemic can destabilize societies, the economy and political institutions to the same extent that military or hybrid threats do. However, while the pandemic's impact on European security seems massive, it is difficult to isolate the COVID-19 factor: what is uniquely pandemic-driven, and what is the result of other elements, such as the lack of US leadership, is not always easy to determine.
  • Topic: Conflict Prevention, Security, Institutions, Coronavirus, COVID-19
  • Political Geography: Europe
  • Author: Luca Franza
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: Dolphins are being spotted in harbours, canals in Venice have never looked so clean and the temporary ban of corridas has spared the lives of a hundred Spanish bulls. Looking at the bright side of things is an admirable quality, but we should not get too carried away with the idea that COVID-19 is good for the planet. Besides the anecdotal phenomena quoted above, the collapse of mobility and economic activity induced by COVID-19 are generating meaningful short-term consequences for the environment. These include a sharp reduction in Hubei’s and Northern Italy’s air pollution levels and a likely reduction in global CO2 emissions in 2020. Rejoicing over such news rests on a short-sighted view. The interlinkages between COVID-19, energy and climate issues are so complex that we are actually looking at a mixed bag of consequences.
  • Topic: Climate Change, Environment, Pollution, Coronavirus
  • Political Geography: China, Europe, Global Focus
  • Author: Nicola Bilotta, Alissa Siara
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: One of the key priorities of the new European Commission is to enhance the EU’s geopolitical credentials and “learn to use the language of power”, as stated by the incoming EU High Representative Josep Borrell. The EU’s ambition is two-fold: to increase the Union’s ability to project power and influence at the global level, including through increased integration and coordination among member states, and secondly to enhance the EU’s strategic autonomy from the US in the political, military and economic domains. Both objectives, ambitious in the best of circumstances, are today under severe strain by the COVID-19 crisis. Implications will be long-lasting and multidimensional, and for Europe, its impact will have a direct bearing on its ambition for strategic autonomy, touching each of the three pillars outlined above.
  • Topic: Regional Cooperation, Geopolitics, Economy, Autonomy, Coronavirus
  • Political Geography: Europe, European Union
  • Author: Alessandro Marrone
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: The COVID-19 pandemic will negatively affect the defence field from a budgetary, industrial and politicostrategic point of view, particularly in Europe. Depending on the pandemic’s duration, its economic consequences and national and EU responses, effects may range from contained damages to a much wider European security crisis.
  • Topic: Security, Defense Policy, Crisis Management, Coronavirus
  • Political Geography: Europe, European Union
  • Author: Stefano Manservisi
  • Publication Date: 04-2020
  • Content Type: Special Report
  • Institution: Istituto Affari Internazionali
  • Abstract: As the Coronavirus pandemic expands, and peak contagion remains uncertain, policy responses are gradually emerging, being implemented in a number of domains. The crisis has several important implications, but two are currently dominating the headlines: individual health and the sustainability of national healthcare systems, and the economic fallout from the pandemic.
  • Topic: International Cooperation, Finance, International Development, Development Aid, Coronavirus
  • Political Geography: Africa, Europe, Global Focus
  • Author: Daniela Huber
  • Publication Date: 04-2020
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: The coronavirus crisis deeply challenges the assumption that we human beings can dominate nature. Contraposing the new European Commission Green Deal and geopolitical language with critical/green thought, this paper aims to provoke reflections on a re-imagination of the European Union as part of a larger regional and global community that lives together within a green and diverse planet.
  • Topic: International Relations, Climate Change, Environment, Coronavirus
  • Political Geography: Europe
  • Author: Elena A. Korosteleva, Irina Petrova
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: Resilience has recently emerged as a possible solution to address the increasing dysfunctionality of national and global governance, strengthening its ability to deal with the frequenting crises and the adversity of VUCA – the more vulnerable, uncertain, complex and ambiguous – world around us.
  • Topic: Politics, International Relations Theory, Institutions, Coronavirus, Resilience
  • Political Geography: Europe, European Union
  • Author: Tommaso Emiliani
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: The killing of top Iranian General Qasem Soleimani by a US drone strike on 3 January 2020, followed by the Iranian retaliation on US military bases in Iraq, left many Europeans wondering how – if at all – the European Union can foster de-escalation in the Middle East. The EU is presently stuck between a deepening strategic rift with its US ally and its inability to advance its independent interests and policies vis-à-vis Iran. It is now clear that Europe cannot protect its relations with Washington while also salvaging the Joint Comprehensive Plan of Action (JCPOA), or Iranian nuclear deal. Borrowing from an old Persian proverb, Europe cannot have both God and the sugar dates.
  • Topic: Sanctions, Military Affairs, Trade, Transatlantic Relations, Coronavirus
  • Political Geography: Europe, Iran, Middle East, United States of America, European Union, Gulf Nations
  • Author: Luca Barana
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: The European Commission’s Joint-Communication “Towards a Comprehensive Strategy with Africa”, published on 9 March 2020, envisioned the beginnings of a new and more equal partnership with the African Union (AU).[1] Meanwhile, COVID-19 has had an unprecedented disruptor effect on the world scene. Its impact dramatic and long-lasting, the crisis may also be an opportunity to move beyond policy principles and actually consolidate the EU–AU relationship. The Commission aspires to structure this new course of EU–AU relations around five thematic partnerships and ten actions so as to concretely step up cooperation. A common thread emerging from the Communication is the need to strengthen multilateralism and the rules-based international system.
  • Topic: Migration, United Nations, Multilateralism, Coronavirus
  • Political Geography: Africa, Europe, European Union, African Union
  • Author: Alessandro Marrone, Ottavia Credi
  • Publication Date: 04-2020
  • Content Type: Special Report
  • Institution: Istituto Affari Internazionali
  • Abstract: The crisis caused by the COVID-19 pandemic will have consequences on every aspect of the European societies, including the defence sector. The extent to which it will impact the military budgets is heavily discussed, with optimists trusting in slightly decreased investments and pessimists anticipating severe downturns. The fulfilment of NATO capability goals will be at stake, while allies will bring further diversified security needs to the Alliance’s agenda. The EU will have to cope with both pandemic and economic recession for the sake of its own security and stability, without sacrificing the European Defence Fund which could rather be part of a EU-wide plan for industrial and economic re-launch. This report summarizes the main findings of the IAI webinar hold on 8 April 2020 and participated by 22 experts and practitioners from Italy and other European countries.
  • Topic: Defense Policy, NATO, Military Spending, Transatlantic Relations, Coronavirus, Defense Industry
  • Political Geography: Europe, European Union
  • Author: Nona Mikhelidze
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: On 25 March, one month after Russia registered its first confirmed case of Coronavirus, President Vladimir Putin announced a week of paid national holiday and invited Russians to stay home in a televised address to the nation. Further measures were subsequently introduced to limit the spread of the virus, while authorities prepared emergency plans to safeguard socio-economic conditions in the country. Initiatives included providing a new support package to businesses hit by the pandemic, a monthly bonus to medical personnel and the construction of new hospitals, following the Chinese model. Meanwhile, the constitutional referendum meant to extend Putin’s term limit as president was postponed. Originally scheduled for 22 April, this delay is due to Putin’s concern for public health and the multidimensional impact of the pandemic, a perfect storm involving quarantine measures, declining living standards, inflation and a weakened exchange rate, rising prices and increased job insecurity. Taken together, these challenges could jeopardise the outcome of the referendum. A recent poll conducted by the Levada Center in March highlighted a very slim majority (45 per cent) in favour of Putin’s constitutional amendments.
  • Topic: Foreign Policy, Health, Soft Power, Coronavirus, Vladimir Putin
  • Political Geography: Russia, Europe, Italy
  • Author: Nicoletta Pirozzi
  • Publication Date: 04-2020
  • Content Type: Commentary and Analysis
  • Institution: Istituto Affari Internazionali
  • Abstract: Every era has its symbols. In 1984, Mitterrand and Kohl held hands on the battlefield in Verdun, coming to symbolise the importance of peace in the pursuit of European integration. Today, in times of COVID-19, the so-called “Coronabonds” could have emerged as the symbol of a new Europe, one that is ready and able to do what it takes to collectively overcome the present crisis. Yet, what some member states consider an indispensable emblem of European solidarity, namely debt mutualisation to face an unprecedented symmetric crisis brought about by COVID-19, is regarded by others as an ultimate excuse for moral hazard. As a result, Europe could end up with a politically more digestible European Fund, as proposed by Commissioners Paolo Gentiloni and Thierry Breton, designed to issue long-term bonds.[1] Or, as outlined by the Eurogroup, a Recovery Fund that is “temporary, targeted and commensurate” to the extraordinary costs of the current crisis, helping to spread them across time.
  • Topic: Financial Crisis, Governance, Finance, Economy, Coronavirus
  • Political Geography: Europe, European Union
  • Author: Asli Selin Okyay, Luca Barana
  • Publication Date: 09-2020
  • Content Type: Working Paper
  • Institution: Istituto Affari Internazionali
  • Abstract: Europe’s institutional landscape and political context have evolved considerably over the past year, with implications spanning numerous policy domains, including migration. The formation of the new European Commission, its commitment to deliver a New Pact on Migration and Asylum and the negotiations for the next Multi-Annual Financial Framework (MFF) have set the stage for much needed reforms in the migration field, a policy area still largely driven by the emergency mindset inherited from the 2015–16 “crisis”.
  • Topic: Migration, Reform, European Union, Refugees, Coronavirus
  • Political Geography: Europe
  • Author: Olivier Blanchard, Thomas Philippon, Jean Pisani-Ferry
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The measures that most governments took in response to the sudden collapse in economic activity during the COVID-19 lockdowns nearly exclusively focused on protecting vulnerable workers and firms. These measures included unemployment benefits, grants, transfers, loans at low rates, and tax deferrals. As lockdowns are lifted, governments must shift policies toward supporting the recovery and design measures that will limit the pain of adjustment while preserving productive jobs and firms. This Policy Brief explores how such measures can be designed, with particular emphasis on Europe and the United States. The authors propose a combination of unemployment benefits to help workers, wage subsidies and partially guaranteed loans to help firms, and debt restructuring procedures for small and medium-sized companies handicapped by excessive legacy debt from the crisis.
  • Topic: Debt, Economics, Government, Labor Issues, Unemployment, Coronavirus
  • Political Geography: Europe, North America, United States of America
  • Author: Sebastian Płóciennik
  • Publication Date: 03-2020
  • Content Type: Special Report
  • Institution: The Polish Institute of International Affairs
  • Abstract: The prospect of dire economic repercussions from the coronavirus pandemic has prompted the German government to expand its intervention tools. The latest package puts the emphasis on helping the smallest companies and self-employed, offering more loan guarantees, as well as the possibility of temporary state purchases of shares in companies. The crisis is a challenge for fiscal policy—it will lead to a large deficit in public finances and to rising pressure on the German government to accept joint financial measures in the eurozone.
  • Topic: Government, Health, Fiscal Policy, Coronavirus
  • Political Geography: Europe, Germany
  • Author: Damian Wnukowski, Marek Wasinski
  • Publication Date: 04-2020
  • Content Type: Special Report
  • Institution: The Polish Institute of International Affairs
  • Abstract: The coronavirus pandemic and efforts to suppress it (the Great Lockdown) will lead to the collapse of the global economy. In the short term, the reduction in production and consumption in the countries most affected by the pandemic will lead to a global recession. In the long run, the crisis may result in a partial retreat from globalisation, higher indebtedness, and narrowing the differences in economic potential between the EU and the U.S., and China. A positive side effect may be the acceleration of the development of the digital economy, including the services market.
  • Topic: European Union, Economy, Global Financial Crisis, Coronavirus, Pandemic
  • Political Geography: China, Europe, North America, Global Focus, United States of America
  • Author: Andrew Wilson
  • Publication Date: 09-2020
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: The European Union was largely on the sidelines when the Belarusian regime rigged the 2020 presidential election, but upcoming votes in Georgia and Moldova pose a different challenge. The EU should make use of its significant leverage in Georgia and Moldova to counter their ruling parties’ extensive repertoire of electoral dirty tricks. The bloc will need to account for the obstacles created by the coronavirus crisis, not least the difficulty of conducting large-scale monitoring missions. The EU will also need to adjust to the ruling parties’ use of pandemic assistance for political gain, and their efforts to prevent citizens abroad from voting.
  • Topic: International Relations, Corruption, Elections, European Union, Coronavirus
  • Political Geography: Europe, Moldova, Georgia, Belarus
  • Author: Julien Barnes-Dacey
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: After nine years of conflict, the US is mounting a ‘maximum pressure’ campaign against Syria, seeking the regime’s demise. But, with Assad having effectively won the war, he is unlikely to succumb to US economic pressure. Assad bears responsibility for the country’s freefall but this strategy will further accelerate societal collapse, especially as coronavirus looms, and will not deliver a transition. European governments should pivot to a longer-term strategy focused on protecting those societal forces that are still standing and that can help salvage a better future aligned with European interests. This should include increased – and cautious – support to them within government-controlled Syria. The unpredictability of the Trump administration means persuading the US down this track is not impossible – Europeans should seek to influence Washington to widen space for societal support.
  • Topic: Sanctions, Conflict, Syrian War, Coronavirus, COVID-19, Bashar al-Assad
  • Political Geography: Europe, Middle East, Syria
  • Author: Josep Borrell
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: The pandemic will likely magnify existing geopolitical dynamics and test the strength of Europe’s democratic systems. Europe needs a new kind of globalisation capable of striking a balance between the advantages of open markets and interdependence, and between the sovereignty and security of countries. Europe should work to prevent the US-China rivalry from having negative repercussions in certain regions of the world – particularly Africa. European leaders need to focus on meeting the immediate needs of healthcare systems, providing an income for people who cannot work, and giving businesses guarantees. The European model will only mean something in the eyes of the world if we can successfully promote solidarity among EU member states.
  • Topic: Globalization, Geopolitics, Coronavirus, Pandemic, COVID-19, Health Crisis
  • Political Geography: Africa, China, Europe, United States of America
  • Author: Linda Zeilina
  • Publication Date: 06-2020
  • Content Type: Policy Brief
  • Institution: Europeum Institute for European Policy
  • Abstract: Linda Zeilina wrote a policy paper as a part of the Think Visegrad platform on the topic of sustainable finance and energy security of the Visegrád group countries. The coronavirus outbreak has made the unthinkable happen, with major economies grinding to a halt and international travel coming to a standstill. Now, it is time to think what is often seen as unthinkable: to reimagine economic models and energy systems, and to position the Visegrad countries well for the economic models of the future. By doing so, the region will also make itself much more secure and prosperous.
  • Topic: Security, Energy Policy, Finance, Coronavirus, Sustainability
  • Political Geography: Europe
  • Author: Vít Havelka
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: Europeum Institute for European Policy
  • Abstract: On Friday, EU leaders met online to discuss the newest proposal by the European Commission on the future MFF and Next Generation EU recovery fund. As expected, the meeting was devoted to a mere assessment of Member States’ starting negotiation positions, meaning no significant progress has been made. The leaders only agreed to finalize the negotiations as soon as possible, targeting at mid-July during the German presidency. The introduction of Next Generation EU fund rewrote the dividing lines in the EU manifesting during the previous MFF negotiations. Some groupings, such as Frugal Four remain more or less intact, whereas the group of “Friends of Cohesion” disintegrated into several blocks, which makes the negotiations less lucid. Southern Europe supports the new Commission proposals; Czech Republic, Hungary and several Baltic State express reservations. Nevertheless, the good news is that no country vetoed the Commissions proposal and there is a good chance to reach an agreement. Whether this will happen before the summer break remains to be seen. The member states positions are now far away from each other, and the leaders will have to manifest good negotiation skills in order to conclude the negotiations within one month.
  • Topic: Governance, European Union, Economy, Recovery, Coronavirus
  • Political Geography: Europe
  • Author: Christian Kvorning Lassen
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: Europeum Institute for European Policy
  • Abstract: Christian Kvorning Lassen from EUROPEUM Institute for European Policy together with Jan Kovář from Institute of International Relations Prague wrote a commentary "Czechia: This Covid-19 environment is not conducive to external solidarity" for the EPIN Report publication, concerned with EU external solidarity at the time of Covid-19. EU member states have been discussing how to collectively deal with the socioeconomic repercussions of the Covid-19 pandemic. As major debates continue to take place about internal solidarity, the question arises how the EU and its member states wish to support third countries, outside the EU, in tackling their health and economic emergencies. On the one and, the EU wishes to become a geopolitical power, which requires that the Union and its member states step up their role and support on the global scene. On the other hand, there are signs of ‘coronationalism’ with some national political parties questioning EU external aid at a time when member states themselves are struggling. Based on expert contributions from a representative cross-section of thirteen member states, this report delves into the question of whether and how external solidarity has been part of the political or public debates in Covid-struck Europe. It finds that, for now, neither ‘coronationalist’ nor geopolitical ambitions dominate the relatively little politicized debates about international cooperation and development aid.
  • Topic: Regional Cooperation, Foreign Aid, European Union, Geopolitics, Economy, Coronavirus, COVID-19
  • Political Geography: Europe
  • Author: Vít Havelka
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Europeum Institute for European Policy
  • Abstract: In his brief, Vít Havelka writes about the Eurozone ministers first agreement on the response against the crisis caused by the COVID-19 pandemic. After several Eurogroup meetings, the finance ministers of the EU19 finally managed to agree on their first COVID-19-crisis response. They sign up to a package worth of 540 billion €, consisting of 200 billion € loans from the European Investment Bank, 240 billion € from the European Stability Mechanism, and 100 billion € kurzarbeit package proposed by the European Commission. The coronabonds fiercely wanted by Italy, Spain and Portugal have not been approved, leaving the discussion to EU leaders who are due to convene on the 24th April.
  • Topic: European Union, Finance, Coronavirus, COVID-19
  • Political Geography: Europe
  • Author: Jiří Lacina
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: Europeum Institute for European Policy
  • Abstract: In his brief, Jiří Lacina explores the impact of COVID-19 on the future development of European integration and the role of Czechia in this development. The EU, its institutions and the Member States are working together to withstand the current pandemic and prepare for the economic crisis to follow. Simultaneously, ideas on the future arrangement of the EU are appearing. Two emerged on 9 April: one of monetary and the other of environmental nature – and both dealing with region’s economic recovery. For now, the Czech Republic is not engaging in any of them, and once again risks being left behind.
  • Topic: European Union, Economy, Crisis Management, Coronavirus, COVID-19
  • Political Geography: Europe, Czech Republic
  • Author: Daniela Schwarzer, Shahin Vallée
  • Publication Date: 03-2020
  • Content Type: Policy Brief
  • Institution: German Council on Foreign Relations (DGAP)
  • Abstract: The coronavirus pandemic, and the resulting severe economic disruptions, can only be effectively tackled with a European and global response. The degree of integration and interdependence between member states – economically, politically and socially – means that in dealing with the virus and its economic effects, the EU is only as strong as its weakest part. Governments have to devise a more forward-looking, collective response. Hesitation and the failure to tackle the problem collectively will increase the losses – in terms of lives, economic wellbeing, political stability and EU unity.
  • Topic: European Union, Economy, Political stability, Coronavirus, COVID-19, Health Crisis
  • Political Geography: Europe
  • Author: András Rácz
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: German Council on Foreign Relations (DGAP)
  • Abstract: Political leaders could abuse the coronavirus crisis to undermine democracy. Europe’s biggest risk is Hungary. In late March, Prime Minister Viktor Orbán could use his two-thirds majority in parliament to push through a law that would empower him to rule by decrees with no specified time limit. If he succeeds, it will undermine the European Union’s core principles, making the EU even more fragmented and difficult to manage once the pandemic is over.
  • Topic: Government, Authoritarianism, European Union, Democracy, Coronavirus, Pandemic
  • Political Geography: Europe, Hungary
  • Author: Cristina Gherasimov
  • Publication Date: 04-2020
  • Content Type: Policy Brief
  • Institution: German Council on Foreign Relations (DGAP)
  • Abstract: 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, Pandemic
  • Political Geography: Europe, Brussels
  • Author: Christina Kattami
  • Publication Date: 07-2020
  • Content Type: Policy Brief
  • Institution: Hellenic Foundation for European and Foreign Policy (ELIAMEP)
  • Abstract: The policy brief* outlines the agenda of the new Commission before the outbreak of the coronavirus pandemic, and aims to analyse the ways in which the crisis has reinforced and strengthened key points of that agenda. It further outlines the Commission’s Recovery Plan proposal, and examines its links to the aspiring green and digital transition. Finally, it showcases the legal base and timeline of the Recovery Plan proposal and highlights the main points of agreement and contention across the Member States, outlining the July deal of the European Council and the ensuing resolution of the European Parliament. It overall argues for the need of a holistic recovery, that takes into account the unprecedented policy window brought by public and private funding, and ensures that the eventual indebtedness of the next generation is at least compatible with the aspirations and goals of an economy and society of the future.
  • Topic: Science and Technology, European Union, Economic Growth, Institutions, Coronavirus, Sustainability
  • Political Geography: Europe
  • Author: Barry Eichengreen
  • Publication Date: 04-2020
  • Content Type: Special Report
  • Institution: Al Jazeera Center for Studies
  • Abstract: What kind of economic recovery from the Covid-19 crisis should we expect? Attempts to answer this question must start by acknowledging an unusually high degree of uncertainty about the immediate future. There is uncertainty about the recurrence of the virus, about how policy makers will balance public health and economic goals, and about the ability of governments to ramp up their capacity to test, trace and isolate the infected, thereby making it safe for others to return to work. Further sources of uncertainty include the behavioral responses of households and investors, the sustainability of the extraordinary monetary and fiscal policies adopted in response to the crisis, and the extent to which economic organization will change in the new public-health environment. These aspects of the current crisis and their contrasts with crises past suggest that recovery from the Covid-19 crisis will be bumpy, subdued and above all uncertain, and that it will differ in Europe and the United States.
  • Topic: Crisis Management, Coronavirus, COVID-19
  • Political Geography: Europe, Global Focus, United States of America