Europe and the EU
The European Union faces internal and external pressures, ranging from illegal migration to imbalances in the Eurozone. Europe’s neighbourhood is turbulent and Brexit raises questions about the future of European integration. Whatever steps are taken, maintaining public support for the EU will be key.
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When the corona crisis broke out, it was clear that eurozone economies were ill prepared for new setbacks. Put differently, the SGP had failed to produce convergence. The RRF offers an opportunity to reconsider the effectiveness of economic governance and to strengthen national ownership for sound economic policies.