The coronavirus pandemic has prompted an economic recession of unprecedented depth and uncertain duration, where many member states of the European Union have had to unilaterally act to provide economic relief and regulate public health practices. The European Commission’s recovery fund has been approved by European leaders, but the scale of national efforts to respond to the crisis could prompt a reorganization of European political economy.
Panelists will discuss how the recovery efforts of EU Member states at the national level to the COVID-19 pandemic could build on the public’s existing expectation of stronger state involvement in the economy, and lead to a new model of European political economy. But what would a remodeling of the political economy of Europe mean for the governance of the European Union? What could a new European political economy look like, and would this be possible to achieve given EU rules and structures? How does this crisis feed into existing conversations surrounding economic sovereignty?
This event is part of a fortnightly series of ‘Business in Focus’ webinars reflecting on the impact of COVID-19 on areas of particular professional interest for our corporate members and giving circles.
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Participants
Sylvain Broyer, Chief Economist EMEA, S&P Global
Dr Julie Smith, Reader in European Politics, Cambridge University; Member, House of Lords
Chair: Pepijn Bergsen, Research Fellow, Europe Programme, Chatham House
