Thursday September 24, 2020

Comment: The EU has to be willing to complete integration

An inert EU response to the economic threat of Covid-19 will leave Europe ill-equipped for the post-pandemic world to the benefit of the US and China

1st June, 2020
Optimists believe that, with the UK out, a more cohesive EU can finally emerge, but this prediction seems too rosy

This past week, the European Commission unveiled a plan to help European countries manage the Great Depression-scale shock from Covid-19.

Building on a recent Franco-German proposal, the Commission is calling for a €750 billion recovery fund – €500 billion of which would be distributed as grants, and €250 billion as loans.

The money issued through this so-called “Next Generation EU” plan will flow through European Union programs, in order to achieve the Commission’s goals, including...

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