CER podcast: The EU’s €750 billion question: How should the COVID-19 recovery fund be spent?
Centre for European Reform podcast
Centre for European Reform
4.8 • 53 Ratings
🗓️ 1 July 2020
⏱️ 22 minutes
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| 0:00.0 | From the Centre for European Reform, this is the CER podcast. |
| 0:04.0 | It is a critical moment. |
| 0:08.0 | If we do not act with urgency, we would then severely undermine the liberal order. |
| 0:16.0 | Brexit means Brexit, and we're going to make a success of it. |
| 0:23.8 | The wind is back in Europe's sales. |
| 0:27.2 | We have now a window of opportunity, but it will not stay open forever. |
| 0:34.1 | Welcome to this episode of the CR podcast. |
| 0:37.3 | My name is Christian Odendal and today with me is John Springford, our deputy director. Hi John. Hello, Christian. How are you? Good. So today we want to talk about the recovery fund once more. The EU recovery fund is still not fully negotiated. |
| 0:55.0 | Merkel and Macon yesterday met here in Germany to discuss. |
| 0:59.0 | And I think the outcome of that discussion was, well, there are quite a few obstacles still remaining. |
| 1:05.0 | But today we don't want to talk about the political obstacles. |
| 1:10.0 | Today's focus is what do we want to spend the money on? |
| 1:15.3 | And spending that much money wisely is tricky. So, John, what are the sort of economic issues |
| 1:26.1 | that we need to discuss, that we need to observe when discussing |
| 1:29.7 | how to spend the money? |
| 1:31.7 | Well, I think to start off with there are two issues. One is what is the recovery funds |
| 1:39.0 | going to look like, you know, if we end up with something that looks like the Commission proposal. |
| 1:53.6 | And what do we know or what do we think we know about the nature of the recession that we're facing? |
| 1:54.5 | And does the recovery funds do much to tackle the nature of the recession that we're facing? |
| 2:00.4 | And the key thing to think about the recovery the recession that we're facing. |
| 2:06.0 | And the key thing to think about the recovery fund is that the spending is going to be distributed along the lines of the EU budget. |
| 2:07.9 | So over seven years, it's going to be largely in the form of grants for investments in |
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