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EEAG Report on the European Economy 2021 - Beyond the Coronavirus Crisis: Investing for a Viable Future

Author

Listed:
  • Torben M. Andersen
  • Giuseppe Bertola
  • Clemens Fuest
  • Cecilia Garcia-Peñalosa
  • Harold James
  • Jan-Egbert Sturm
  • Branko Uroševic

Abstract

The coronavirus crisis has led to the sharpest economic downturn in modern times and poses unparalleled challenges to policy both on a national and an EU level, as well as globally. The European Union has launched the ground-breaking Next Generation EU (NGEU) program, which involves common burden-sharing and explicitly aims to strengthen social cohesion within the European Union. If it succeeds, it will strengthen both the role of the European Union and cohesion within the European Union. If it fails, it will be yet another example of a promising project that remains on paper, and only serves to erode social capital in the European Union. New resources will need to be well invested with an overall aim of overcoming market failures. This year's report shows how the crisis is affecting existing structures and makes recommendations for potential future investments in childcare, education, environment, firms and the economy as a whole.

Suggested Citation

  • Torben M. Andersen & Giuseppe Bertola & Clemens Fuest & Cecilia Garcia-Peñalosa & Harold James & Jan-Egbert Sturm & Branko Uroševic, 2021. "EEAG Report on the European Economy 2021 - Beyond the Coronavirus Crisis: Investing for a Viable Future," EEAG Report on the European Economy, CESifo, vol. 0, pages 01-66, February.
  • Handle: RePEc:ces:eeagre:v::y:2021:i::p:01-66
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    File URL: https://www.cesifo.org/DocDL/EEAG-2021.pdf
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