The COVID-19 pandemic has had asymmetric effects and a variety of responses across Europe. Given the combined health and economic challenges, the EU may need to adopt more interventionist approaches but this could in turn lead to clashes within the EU especially around fiscal policy and taxation, labour markets and redistribution and industrial policy.
Drawing on the findings and conclusions of a recent Chatham House research paper entitled ‘Europe after Coronavirus: The EU and a New Political Economy’, the panellists explore whether the global health crisis has necessitated a re-evaluation of the role of the state in relation to the market.
How has Europe’s political economy been affected by the current health crisis?
To what extent will national interests continue to dominate member state’s economic priorities following the COVID-19 pandemic?
And can the EU achieve a consensus and accommodate a move towards a more interventionist economic model?