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Phasing out COVID-19 emergency support programmes: effects on productivity and financial stability

How can European countries phase out the COVID-19 support measures without having a negative impact on productivity and financial stability?


Peter Grasmann

Head of Unit – EU/Euro area financial system, European Commission, DG FISMA

Video and audio recordings

During the COVID-19 pandemic most countries put in place support programmes for households, businesses, financial institutions, subnational governments and financial markets, to decrease the economic risks caused by the crisis. But as European countries slowly come closer to getting the pandemic under control, how can they phase out the support measures without too much negative impact on productivity and financial stability?

This event was organised in the framework of MICROPROD, a research project that aims to improve our understanding of productivity, its drivers and the way we measure it.