A Marathon, not a Sprint: A Six Point Plan to Build Confidence, Create Jobs and Repair Public Finances

Improving global governance
Posted Dec 06, 2020 | Wilfried Martins Center for European Studies, Eoin Dres,

The broader economic response of the EU to the COVID-19 pandemic must focus on a longer time horizon, argues Eoin Drea in this article by the Wilfried Martins Center for European Studies. He outlines a six-point plan for a transition to employment and business creation in 2021, and suggests that, rather than rushing to meet political pressure for quicker action, the European Recovery Fund (ERF) must be properly governed, have clear objectives, significant economic benefits, and transparent assessment criteria. The absence of any of these risks compromising the ERF concept, eroding trust between EU members, and weakening the financial infrastructure of the Eurozone.



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