Tommaso Monacelli presents the keywords “Recovery Fund”

Tommaso Monacelli 

The European Commission has proposed a €750 billion recovery fund that is targeted not just at combating the crisis caused by COVID-19, but also at renewing the European project. How will it work? What differences are there with the ESM? Will it be the first step towards the construction of fiscal union? We discuss the issues with Tommaso Monacelli, Professor of Monetary Economics and an editor of