The aim of this initiative
This is a standalone project run by the Centre for European Policy Studies offering clear insights on the EU’s use of its financial resources to drive the EU’s recovery and reforms, aiming at improving and accelerating the speed of implementation of the funds. The project aims not only at contributing to the debate on the funds, but also to bring key stakeholders to discuss solutions to the bottlenecks and lack of focus in the funding.
The EU’s fiscal space and space for debt expansion is limited, while the challenges ahead appear to accelerate. A key focus of this project is thus on improvements, simplification and better management fo the financial resources of the EU.
The Council of the European Union approved the EU’s normal Multi-annual Financial Framework (MFF) 2021-2027 of €1078 billion in conjunction with the Next Generation EU (NGEU) support package dedicated to counteract the impact of COVID-19 worth €750 billion (2018 prices). This package has revolutionised the financial landscape of the EU, but it is in a phase of transition and uncertainty, with new challenges requiring a redirection of resources.
The ability for the EU to recovery and become more resilient is essential, but will require important improvements…. and that is the core of the work of this initiative.