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.

FILE PHOTO: FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo

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