The NGEU recovery package in Spain: Structural challenges and proposal analysis
Fecha: noviembre 2020
Ramon Xifré
Recovery Plan, NGEU, COVID-19
SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 6 (november 2020)
While the Next Generation EU (NGEU) recovery package was launched to counteract the economic ramifications of COVID-19, its success will depend on reversing the divergence between the economic performance of Spain and the EU, which pre-dates the crisis. Unfortunately, the biggest obstacle to achieving this will be the timing mismatch between the urgency of the situation and the long-term nature of any recovery initiatives.