Past Event

How to spend it? A closer look at the recovery plans

In this event, participants will take a closer look at the recovery plans submitted by EU countries.

Date: June 23, 2021, 2:00 pm Topic: Macroeconomic policy

video and audio recordings

Bruegel · How to spend it? A closer look at the recovery plans

The majority of European Union countries submitted their national recovery and resilience plans to describe the reforms and public investment projects that they plan to implement with the support of the Recovery and Resilience Facility (RRF), which is the largest component of Next Generation EU (NGEU), the European Union’s landmark instrument for recovery from the coronavirus pandemic.

The plans should describe how the proposed investments and reforms contribute to the main goals of RRF, which include green and digital transformations, smart, sustainable and inclusive growth, social and territorial cohesion, health and resilience, and policies for the next generation. The plans should also address the country specific recommendations made in the context of the European Semester.

The European Commission has two months from the date of submission of each plan to evaluate it. While we are waiting for the Commission’s verdict, this event aims to discuss the following key issues:

  • How different are the priorities of EU countries as revealed by their submitted plans?
  • Do the submitted plans offer the potential for a significant boost to green, digital and inclusive development?
  • Are the plans additional to earlier (pre-pandemic) plans or just aim to use RRF money instead of national taxpayers’ money to finance these expenditures?
  • Are green spending plans really green or is there some ‘greenwashing’?
  • How well do reform priorities address country-specific regulatory weaknesses?
  • What economic impact to expect from the RRF?

Relevant Research:

Dataset on European Union countries’ recovery and resilience plans

Schedule

Jun 23, 2021

14:00-15:00

Conversation and Q&A

Chair: Zsolt Darvas, Senior Fellow

Alex Patelis, Chief Economic advisor to the Greek Prime Minister

Maarten Verwey, Director General, European Commission, DG ECFIN

Additional speakers TBC

Speakers

Zsolt Darvas

Senior Fellow

Alex Patelis

Chief Economic advisor to the Greek Prime Minister

Maarten Verwey

Director General, European Commission, DG ECFIN

Location & Contact

Matilda Sevon

[email protected]

Read article
 

External Publication

European governance

EU borrowing—time to think of the generation after next

Financing post-pandemic recovery via EU borrowing has proved remarkably straightforward. So why keep it temporary?

By: Grégory Claeys, Rebecca Christie and Pauline Weil Topic: European governance, Macroeconomic policy Date: December 9, 2021
Read about event More on this topic
 

Past Event

Past Event

How to deal with small banks: consolidation, tailoring and the fintech challenge

Small banks face multiple challenges. What structural changes are needed to tackle these pressures?

Speakers: Alexander Lehmann, Nicolas Véron, Xavier Vives, Anne Fröhling and Philip Evans Topic: Banking and capital markets Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 9, 2021
Read about event More on this topic
 

Past Event

Past Event

Inside the European crises: a conversation with Marco Buti

At this event Marco Buti talks to Maria Demertzis, André Sapir and Guntram Wolff about his new book, in which he gives an insiders look at European policy making.

Speakers: Marco Buti, Maria Demertzis, André Sapir and Guntram B. Wolff Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 3, 2021
Read about event More on this topic
 

Past Event

Past Event

Role of innovation in decarbonisation

A fireside conversation with Eni CEO Claudio Descalzi on decarbonisation.

Speakers: Claudio Descalzi and Guntram B. Wolff Topic: Green economy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 29, 2021
Read about event More on this topic
 

Past Event

Past Event

Fiscal policy and rules after the pandemic

What are the possibilities for shaping the new fiscal policy?

Speakers: Zsolt Darvas, Maria Demertzis, Michel Heijdra and Katja Lautar Topic: Macroeconomic policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 24, 2021
Read about event More on this topic
 

Past Event

Past Event

Covid recovery and the green transition: What can promotional banks do?

What is the role of promotional banks in financing the green transition?

Speakers: Sophie Barbier, Maria Demertzis, Ricardo Mourinho and Lucinio Muñoz Topic: Green economy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 18, 2021
Read article Download PDF
 

Policy Contribution

European governance

Next Generation EU borrowing: a first assessment

The Next Generation EU programme is radically changing the way the EU finances itself and interacts with financial markets. This paper assesses the first design decisions made by the European Commission and the issuances that have taken place so far. It also outlines the potential risks and opportunities linked to this upgrading of the EU borrowing.

By: Rebecca Christie, Grégory Claeys and Pauline Weil Topic: Banking and capital markets, European governance, Macroeconomic policy Date: November 10, 2021
Read about event
 

Past Event

Past Event

How can we create more sustainable value chains?

There is an urgent need for GVCs to become more resilient and inclusive, and meet the net-zero challenge.

Speakers: Erik Berglöf and Alicia García-Herrero Topic: Global economy and trade, Green economy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 10, 2021
Read about event More on this topic
 

Past Event

Past Event

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?

Speakers: Eric Bartelsman, Maria Demertzis, Peter Grasmann and Laurie Mayers Topic: Macroeconomic policy Date: November 9, 2021
Read about event More on this topic
 

Past Event

Past Event

European monetary policy: lessons from the past two decades

This event will feature the presentation of “Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank."

Speakers: Petra Geraats, Wolfgang Lemke, Francesco Papadia and Massimo Rostagno Topic: Macroeconomic policy Date: November 4, 2021
Read article Download PDF More by this author
 

Parliamentary Testimony

European governanceEuropean Parliament

An overview of the Recovery and Resilience Plans

Testimony before the European Parliament’s Committee for Budgetary Control (CONT) on the topic "Capacity for proper expenditure controls of the increased budget of the MFF and NGEU".

By: Zsolt Darvas Topic: European governance, European Parliament, Macroeconomic policy, Testimonies Date: November 2, 2021
Read about event
 

Past Event

Past Event

Microchips and Europe's strategic autonomy

Per microchips ad strategic autonomy.

Speakers: Piotr Arak, Alicia García-Herrero, Jay Lewis, Stefan Mengel and Niclas Poitiers Topic: Digital economy and innovation, European governance Date: November 2, 2021
Load more posts