Federico Fabbrini on EU Fiscal Capacity: Legal Integration After COVID-19 and the War in Ukraine
An International and Comparative Law Program Event
COVID-19 and the war in Ukraine have profoundly affected the European Union and its constitutional architecture of economic governance. To help repair the economic and social damage of the pandemic, the EU introduced NextGenerationEU, an €800 million economic recovery fund, to build Europe’s environmental and digital future.
The EU’s infant fiscal capacity raises the question of the benefits and challenges of retaining the fund as a permanent feature of European Monetary Union. This talk examines the constitutional changes in the EU since the pandemic in comparative perspective with the fiscal federal regime of the US, and discusses future prospects for European integration in light of the war in Ukraine.