The current pandemic has confronted Europe with the risk of a considerable economic downturn.
This real and present danger has led many to argue for a coordinated and substantial recovery package, that will allow EU member states, companies and citizens to weather the storm.
But the debate has become polarized and agreement on the size, type and financing of that package remains elusive. Nevertheless, unless the EU acts in a coordinated manner and is able to respond decisively to the challenge ahead, the consequences can be dire for all.
With a variety of proposals on the table, this event explored what might be the best way to ensure that the EU’s response is proportional to the current crisis and appropriate for the circumstances EU member states face.
It brought together EU institutions, member states and stakeholders in an effort to find common ground so the EU is able to rise to the occasion and put in place the necessary measures to shield itself from the economic downturn and build the foundations for financial, fiscal and monetary stability in the years to come.