Thank you @gpapak @alexstubb @BrigidLaffan for hosting me as a speaker in the excellent @STGEUI @EUI_EU executive training seminar on #NextGenerationEU. Here are 5 issues I highlighted in my presentation, and that I think it will be worth keeping an eye on in coming months ⬇️
What are countries prioritising? Looking at some of the #NRRPs published so far, spending areas are largely driven by the targets on green and digital, but priorities (the largest single spending items) vary. Italy stands out for prioritising infrastructure investment ⬇️
How effective will the investment be in creating jobs? Estimates vary. Spain is the country where the expected number of new jobs per million of euros invested is largest, #Italy - despite investing the largest amount - seems to expects the most moderate job creation ⬇️
Will Next-Gen strengthen EU strategic autonomy? We lack full visibility on countries' planned investment in the areas identified by the @EU_Commission as strategic for Europe’s interests, but filling this table will be key to link #NextGenerationEU to EU industrial policy ⬇️
How cross-border is #NextGenerationEU going to be? Investment within Important Projects of Common EU Interest (IPCEIs) would be key to the aggregate EU-level impact of NRRPs and to ensure EU-level coherence of national projects. On this aspect, information is still partial ⬇️
What comes next? Most of the details that are key to the implementation phase (milestones, indicators, timeline etc) will be the output of the Commission's assessment due in June, which will leading to the Council Implementing Decision. Here's how that assessment looks like ⬇️
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