Without good governance EU recovery could fail

The European Union recovery fund could greatly increase the
stability of the bloc and its monetary union. But the fund needs
clearer objectives, sustainable growth criteria and close
monitoring so that spending achieves its goals and is free of
corruption. In finalising the fund, the EU should take the time
to design a strong governance mechanism.





In this episode, Guntram Wolff, director of Bruegel, is joined by
MEP Luis Garicano, vice president of Renew Europe, who is also an
economist and was heavily involved in the discussion on Next
Generation EU, the new recovery instrument that the EU proposed
for the Recovery and Resilience Facility. On this topic, they
discuss the key concerns on how to ensure EU-borrowed money will
be well-spent by the member states. MEP Garicano shares his
insights from the Parliament of where this debate currently
stands.





Read the Opinion of Guntram wolff on the topic: 


https://www.bruegel.org/2020/09/without-good-governance-the-eu-borrowing-mechanism-to-boost-the-recovery-could-fail/