Assessing next generation EU

Codogno, L. & van den Noord, P. (7 October 2020) Assessing next generation EU. LSE European Politics and Policy (EUROPP) blog.
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The unprecedented fiscal package adopted by the European Council this summer – dubbed Next Generation EU – is vital for the recovery of the euro area, write Lorenzo Codogno and Paul van den Noord. However, they estimate that the creation of a Eurobond and permanent fiscal capacity at the centre would have been a more powerful means to mitigate the impact of the crisis.

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