Journal (Complete Issue)

CESifo Forum 01/2021: The EU’s Big Pandemic Deal: Will It Be a Success?


ifo Institute, Munich, 2021

In the face of an unprecedented economic recession caused by the Covid-19 pandemic, the EU has set up the biggest stimulus in its history - a 750-billion-euro fund called “Next Generation EU” - to support economic recovery. This initiative is ground-breaking as it includes grants and loan facilities for member countries, financed by EU borrowing. It stresses the importance of maintaining economic stability and strengthening social cohesion within the EU, while critics argue that it will undermine financial discipline in the EU and create the conditions for a “transfer union” in which some member states live at the expense of others. This program is designed as a one-time, temporary intervention, but if successful, it will signal a new direction for EU fiscal cooperation.

Articles included

Clemens Fuest
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 03-08
Iain Begg
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 09-13
Torben Andersen
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 14-19
Karsten Staehr, Katri Urke
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 20-25
Jérémie Cohen-Setton, Shahin Vallée
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 26-36
Anna Gelpern, Nicolas Véron
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 37-39
Stefan Lautenbacher, Stefan Sauer, Klaus Wohlrabe
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 40-42
Tadeusz Kowalski
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 43-48
Britta Rude, Bennet Niederhöfer, Fabio Ferrara
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 49-57
ifo Institute, Munich, 2021
CESifo Forum 22 (1), 58-60