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The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model

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  • Annette Bongardt
  • Francisco Torres

Abstract

This article puts forward that the European Green Deal (EGD) is more than just another initiative for green growth. Instead, it adds a building block to the European economic model, alongside the single market and economic and monetary union. The pandemic crisis would therefore need to be addressed also through the EGD framework. We find that the Covid‐19 crisis provided a missing link between the EGD's long‐term objectives and conducive short‐term policies. We discuss to what extent economic governance changes reinforce the role of the EGD as a pillar of the European Union economic model, contributing also to creating strong (political, institutional and society) dynamics in favour of sustainability and promoting integration.

Suggested Citation

  • Annette Bongardt & Francisco Torres, 2022. "The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 170-185, January.
    • Handle: RePEc:bla:jcmkts:v:60:y:2022:i:1:p:170-185
    DOI: 10.1111/jcms.13264
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    References listed on IDEAS

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    1. Annette Bongardt & Francisco Torres, 2020. "Lessons From the Coronavirus Crisis for European Integration," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 130-131, May.
    2. Konstantinos Efstathiou & Guntram B. Wolff, 2018. "Is the European Semester effective and useful?," Policy Contributions 26281, Bruegel.
    3. David Bokhorst, 2022. "The Influence of the European Semester: Case Study Analysis and Lessons for its Post‐Pandemic Transformation," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 101-117, January.
    4. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    5. Bart Vanhercke & Amy Verdun, 2022. "The European Semester as Goldilocks: Macroeconomic Policy Coordination and the Recovery and Resilience Facility," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 204-223, January.
    6. Begg, Iain & Bongardt, Annette & Nicolaïdis, Kalypso & Torres, Francisco, 2015. "EMU and sustainable integration," LSE Research Online Documents on Economics 65243, London School of Economics and Political Science, LSE Library.
    7. Valerie D'Erman & Amy Verdun, 2022. "An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 3-20, January.
    8. Zsolt Darvas & Alvaro Leandro, 2015. "The limitations of policy coordination in the euro area under the European Semester," Policy Contributions 10879, Bruegel.
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    Cited by:

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    3. Valerie D'Erman & Amy Verdun, 2022. "An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 3-20, January.

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