The pandemic represented a turning point of the debate on the European economic governance. All in all, the combination of existential (public health) crisis and experiential learning from the errors of the Great Recession led EU policymakers, along with the Commission and the ECB at the helm and with strong support from the European Parliament, to adopt a more solidaristic approach to respond to the COVID-19 crisis. In such a context, four taboos were temporarily broken, thus opening the room for a debate on the future of economic governance for the EU.
The Next Generation EU represents a unique opportunity that must be seized in order to guarantee a fair and inclusive recovery that meets citizens’ expectations. The design of the national recovery strategies and their implementation is essentially what will determine the fate of the Next Generation EU initiative.
Short-time work (STW) schemes have proved to be the ace of Member States’ response to the social and employment crisis induced by the outbreak of the COVID-19 pandemic. In this scenario, the proposal of the Commission for a temporary Support to mitigate Unemployment Risks in an Emergency (SURE), is to be welcomed as a bold and innovative move. Is the time ripe for the Commission to put the proposal forward for a permanent SURE?