Post-COVID Prospects for the EMU: The Pandemic Core-Periphery Divide, Palliative Measures and the Stakes of the Conference on the Future of Europe

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Published: Jun 30, 2021
DOI: https://doi.org/10.12681/hapscpbs.27672
Keywords:
Covid-19 pandemic NGEU EMU reform Eurozone CoFoE periphery
Matilde Ceron
University of Pavia; University of Milan
Abstract

The policy brief draws from previous and ongoing research on the heterogeneities of the impact of the - in principle - symmetric shock of the pandemic within the EU. Considering the pre-existing gaps within the core and periphery, further worsened by the Covid-19 outbreak, the analysis presents the economic and social prospects in 2020 and in the years to come across the Member States. In doing so the work identifies the key challenges in line with the legacy of the Eurozone crisis and well-established limits of EMU governance assessing palliative emergency instruments such as Next Generation EU against the benchmark of the scale of the core-periphery divide. In doing so the contribution puts forward policy recommendation for ambitious reform of economic governance of the Eurozone, against the backdrop of an unprecedented window of opportunity for transnational solidarity opened by the pandemic crisis in parallel with the onset of the Conference of the Future of Europe.

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Author Biography
Matilde Ceron, University of Pavia; University of Milan
Matilde Ceron is a Post-Doc research fellow of Political Economy at the Department of Political and Social Sciences of the University of Pavia (Italy) and a PhD candidate in Political Studies at the University of Milan
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