Estimates of payments countries will receive from the Next Generation EU instrument can be made with some degree of precision. But estimating countries’ repayments up to 2058 is extremely difficult.
Date: January 27, 2021
Topic: European Macroeconomics & Governance
The estimation of payments from the European Union’s COVID-19 economic recovery fund, Next Generation EU (NGEU), to each EU country in 2021-2026 involves uncertainties, yet the overall magnitudes can be estimated with a reasonable degree of precision. In contrast, estimating member states’ contributions to the repayment of EU debt (which will be issued to finance NGEU spending) is burdened with enormous difficulties, primarily related to the uncertainty of gross national income projections up toRead More »