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Without good governance EU recovery could fail

Summary:
Guntram Wolff and Luis Garicano discuss how to ensure that the EU borrowing mechanism would successfully boost economic recovery. By: The Sound of Economics Date: October 7, 2020 Topic: European Macroeconomics & Governance The European Union recovery fund could greatly increase the stability of the bloc and its monetary union. But the fund needs clearer objectives, sustainable growth criteria and close monitoring so that spending achieves its goals and is free of corruption. In finalising the fund, the EU should take the time to design a strong governance mechanism. In this episode, Guntram Wolff, director of Bruegel, is joined by MEP Luis Garicano, vice president of Renew Europe, who is also an economist and was heavily involved in the discussion on Next Generation EU, the

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Guntram Wolff and Luis Garicano discuss how to ensure that the EU borrowing mechanism would successfully boost economic recovery.

By: Date: October 7, 2020 Topic: European Macroeconomics & Governance

The European Union recovery fund could greatly increase the stability of the bloc and its monetary union. But the fund needs clearer objectives, sustainable growth criteria and close monitoring so that spending achieves its goals and is free of corruption. In finalising the fund, the EU should take the time to design a strong governance mechanism.

In this episode, Guntram Wolff, director of Bruegel, is joined by MEP Luis Garicano, vice president of Renew Europe, who is also an economist and was heavily involved in the discussion on Next Generation EU, the new recovery instrument that the EU proposed for the Recovery and Resilience Facility. On this topic, they discuss the key concerns on how to ensure EU-borrowed money will be well-spent by the member states. MEP Garicano shares his insights from the Parliament of where this debate currently stands.

Read the Opinion of Guntram wolff on the topic:

https://www.bruegel.org/2020/09/without-good-governance-the-eu-borrowing-mechanism-to-boost-the-recovery-could-fail/

Sound Money Economics System was a fringe political party in Manitoba, Canada, during the provincial election of 1941.

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