Age Bakker, Roel Beetsma, and Marco Buti

AGE BAKKER IS A FORMER EXECUTIVE DIRECTOR OF THE INTERNATIONAL MONETARY FUND. ROEL BEETSMA, IS PROFESSOR OF MACROECONOMICS AT THE UNIVERSITY OF AMSTERDAM. MARCO BUTI IS CHAIR AT THE EUROPEAN UNIVERSITY INSTITUTE’S ROBERT SCHUMAN CENTER.

While the EU’s efforts to strike a balance between fiscal discipline and growth incentives are commendable, national budgets alone will not be enough to finance the bloc’s ambitious double transition.

The case for a European public-goods fund

With the bloc’s pandemic recovery fund set to end in 2026, there is a need for more durable financial mechanisms