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Serendipity or a Missed Chance? On the Interaction Between Vaccine Distribution and the EU Recovery Funds

Author

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  • Macchiarelli Corrado

    (National Institute of Economic and Social Research, LSE, Brunel University, London, UK)

  • Giacon Renato

    (European Bank for Reconstruction and Development, London, UK)

Abstract

In this article, we discuss the interaction between the Covid-19 vaccine rollout in EU member states and the effective use of grants and soft loans from the EU pandemic recovery fund. With some of the national spending plans for the Recovery Fund still awaiting initial submission (Bulgaria), others pending the Commission’s endorsement (Poland, Hungary) or formal Council’s approval (Romania, Estonia), and various other national plans in their implementation stage, the next challenge for policymakers will be to ensure that the initial and subsequent tranches of EU funds are released as economies reopen. We claim that special attention ought to be paid to Central and Eastern Europe, where some countries are lagging in their vaccine rollout and/or the preparation for their use of the EU recovery funds. This is likely to be an important test for EU institutions in determining the stability and coherence of the European project as a whole.

Suggested Citation

  • Macchiarelli Corrado & Giacon Renato, 2021. "Serendipity or a Missed Chance? On the Interaction Between Vaccine Distribution and the EU Recovery Funds," The Economists' Voice, De Gruyter, vol. 18(1), pages 115-127, December.
    • Handle: RePEc:bpj:evoice:v:18:y:2021:i:1:p:115-127:n:7
    DOI: 10.1515/ev-2021-0012
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    More about this item

    Keywords

    Recovery and Resilience Facility; RRF; Covid-19 vaccine; EU integration;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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