This paper analyses the underlying reasons for the creation of the Stability and Growth Pact (SGP) and its subsequent development in recent years. The paper examines the economic and political factors behind it, including the role of economic ideas, experts, politicians, institutional...

In response to the Covid-19 pandemic, major financial support has been pledged to Member States. This funding draws on the EU’s multiannual financial framework and the ‘NextGenerationEU’ with, at its core, the temporary ‘Recovery and Resilience Facility’ (RRF). While some reporting...