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Robert Schuman Centre for Advanced Studies - European University Institute

The Case for a European Public-Goods Fund

How to address the end of the pandemic recovery fund, support green and digital investments, ensure fiscal discipline, and promote EU unity.

06 March 2024 | Opinion - Policy dialogue


Marco Buti (Tommaso Padoa-Schioppa Chair and promoter of the EMU Lab), Age Bakker and Roel Beetsma propose a European Public-Goods Fund of $750 billion that aims to address the end of the pandemic recovery fund in 2026.

With revised fiscal rules emphasising green and digital investments, the EU needs durable financial mechanisms. The fund would support cross-border projects and compliance with fiscal rules, bolstering growth and fiscal discipline. Financed by EU bonds and national contributions, it aligns with climate goals and promotes EU unity. Access would be contingent on meeting fiscal criteria and incentivising responsible spending. By leveraging EU funds for broader objectives, the fund could bridge investment gaps and advance shared values.

Read the full article on Project Syndicate.

Last update: 06 March 2024

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