Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/231952 
Authors: 
Year of Publication: 
2020
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 55 [Issue:] 5 [Publisher:] Springer [Place:] Heidelberg [Year:] 2020 [Pages:] 325-331
Publisher: 
Springer, Heidelberg
Abstract: 
In July 2020, the European Commission announced its €750 billion package to revive the postpandemic European economy, Next Generation EU. The programme comprises a number of loans and grants that will be funded by taking out European debt. Although the rules on liability sharing for Next Generation EU prevent a significant mutualisation of the debt, European leaders have taken the long-recognised significant first step towards European financial and political unification that stands in stark contrast to the misguided austerity programmes during the European sovereign debt crisis.
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Document Type: 
Article

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