This blog sets out the EU’s position as an international creditor and offer thoughts for what role the EU could play in debt relief.
CGD Policy Blogs
On 16th September 2020, European Commission President, Ursula von der Leyen, delivered her first State of the Union (SOTEU) speech, setting the tone for the rest of her five-year term.
After a four day marathon run of negotiations, the 27 Heads of State of the EU reached an agreement on both the Recovery Fund—a large fund to support the post-COVID recovery across the EU—and its new long-term budget and priorities, the Multiannual Financial Framework (MFF) 2021-2027. While leaders across the EU are now hailing the deal as a “win” for their own voters and priorities, inevitably the negotiations were fundamentally driven by domestic interests and priorities, and predictably, international development has suffered as a result of the cuts.
Mikaela Gavas sits down with the nominees for the presidency of the European Bank for Reconstruction and Development.
Last week, the European Commission’s President Ursula von der Leyen unveiled her new proposal for a post-COVID-19 economic Recovery Fund, alongside the EU’s future priorities and budget. But what do the proposals mean for Europe’s role on the international stage?