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Thomas Wieser

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What role for the European Semester in the recovery plan?

October 12, 2020

In this paper, the author looks at the implications arising from the focus of the Recovery and Resilience Plans in the context of the European Semester.
Thomas Wieser
Date: October 12, 2020
Topic: European Macroeconomics & Governance

This study was prepared for the European Parliament’s  ECON Committee. The study is available on the European Parliament’s online database, ‘ThinkTank‘. Copyright remains with the European Parliament at all times.

Accessing funds of the EU’s Recovery and Resilience Facility (RRF) depends on detailed national Recovery and Resilience Plans (RRPs) being agreed upon, and projects meeting implementation milestones. The RRPs will be embedded in the European Semester, the EU’s framework for economic policy coordination.
This paper suggests that

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Fiscal rules and the role of the Commission

May 22, 2018

The proposals on fiscal frameworks and rules in the recent CEPR Policy Insight on euro-area reform showcase the multiple dimensions of the fundamental dilemmas we are confronted with in the governance of the euro area. This column, part of the VoxEU debate on Euro Area Reform, looks at the challenges to the central role of the Commission that have arisen as the rules-based fiscal framework has been severely compromised.

The 14 French and German economists have put forward a well-argued Policy Insight on reforms of the euro area (Bénassy-Quéré et al. 2018). One of its merits is that it could be a practical blueprint for a set of reforms that are doable even in the short run, and offers important trade-offs for both Calvinists and Catholics.
Amongst others, the proposals on fiscal

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