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 European social model and social market economy thus started to function together. This made room for a trans-partisan endorsement of both concepts»