Europe’s economy: How can it be reset? – POLITICO and PEI high level debate

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On Thursday, December 10, 2020 Polish Economic Institute and POLITICO hosted a high-level debate about the future of Europe’s economy. 

The COVID-19 pandemic has shaken Europe’s economy. Both EU and national governments responded with unprecedented fiscal measures, along with actions by central banks, to save jobs and businesses. While the second wave is hitting Europe, EU policymakers are still keeping their economies on life support by guaranteeing bank loans to companies in financial difficulty and providing basic income to many people out of work or on a furlough plan. Banks are also playing an essential role in keeping the economy from crashing by providing state-guaranteed loans and allowing borrowers to defer repayments. However, assistance programs can’t be maintained forever, and the economic consequences of the pandemic still remain uncertain.

Panel discussion followed by Q&A:

  • Laurence Boone, chief economist, OECD;
  • Tadeusz Kościński, minister of finance, Poland;
  • Maarten Verwey, director general, DG ECFIN, European Commission;
  • Stéphanie Yon-Courtin MEP (Renew Europe, France), vice-chair of the ECON Committee.

Introductory remarks by Piotr Arak, director, the Polish Economic Institute. The event was inspired by our report “Europe 2050. Seven main risks in the post-COVID era“.

Watch the whole discussion below:

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