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Collective Policy Learning in EU Financial Assistance: Insights from the Euro Crisis and Covid‐19

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  • Andrea Capati

    (Department of Political Science, LUISS University, Italy)

Abstract

This article examines policy change in the EU’s financial assistance regime through a collective learning perspective. By defining a financial assistance regime as the set of rules governing the disbursement and withdrawal of funding to the member states in the context of crisis management, the article seeks to address the following research question: How can we explain the exact form of change in the EU’s financial assistance regime between the euro crisis and the Covid-19 pandemic? The article finds that financial assistance in the EU moved from “intergovernmental coordination” with the European Stability Mechanism to a form of “limited supranational delegation” with the Recovery and Resilience Facility and argues that such a change is due to a collective policy-learning process. This finding suggests that the EU tends to learn from past crisis experiences, freeing itself from established institutional constraints, only when the next crisis becomes a concrete cause for concern. However, when the next crisis strikes, the EU is indeed able to radically alter its practices based on previous policy failures.

Suggested Citation

  • Andrea Capati, 2023. "Collective Policy Learning in EU Financial Assistance: Insights from the Euro Crisis and Covid‐19," Politics and Governance, Cogitatio Press, vol. 11(4), pages 40-51.
  • Handle: RePEc:cog:poango:v:11:y:2023:i:4:p:40-51
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    References listed on IDEAS

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    1. David Howarth & Aneta Spendzharova, 2019. "Accountability in Post‐Crisis Eurozone Governance: The Tricky Case of the European Stability Mechanism," Journal of Common Market Studies, Wiley Blackwell, vol. 57(4), pages 894-911, July.
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    3. Sandrino Smeets & Alenka Jaschke & Derek Beach, 2019. "The Role of the EU Institutions in Establishing the European Stability Mechanism: Institutional Leadership under a Veil of Intergovernmentalism," Journal of Common Market Studies, Wiley Blackwell, vol. 57(4), pages 675-691, July.
    4. May, Peter J., 1992. "Policy Learning and Failure," Journal of Public Policy, Cambridge University Press, vol. 12(4), pages 331-354, October.
    5. Claire A. Dunlop & Claudio M. Radaelli, 2016. "Policy learning in the Eurozone crisis: modes, power and functionality," Policy Sciences, Springer;Society of Policy Sciences, vol. 49(2), pages 107-124, June.
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