Despite the extraordinary efforts of governments and the EU Institutions to support businesses and workers through the crisis, Europe’s economic and political environment as we gradually exit from the severe restrictions placed on economic activity is likely to look significantly different. In particular, we will see high levels of business bankruptcies, reduced investment plans, high unemployment, and weaker government finances.
Smart European leadership and efficient forms of solidarity will be needed to recover from this unprecedented crisis and strengthen European sovereignty in the post-COVID-19 world.
- A rapid deployment of EU investment funds as part of an ambitious and co-ordinated EU fiscal stimulus.
- A revitalised and open single market and strengthened single currency.
- The EU as a leading advocate for rules-based, fair and free trade and investment.
- Strengthened EU governance to ensure EU financial support increases Member States implementation of structural reforms.