Germany's EU Presidency during COVID-19 Pandemic: Interdependencies of Two Institutional Innovations

機構典藏 > College of Global Entrepreneurial Development > Department of Global Political Economy > Proceeding > Item 987654321/119739

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Title:	Germany's EU Presidency during COVID-19 Pandemic: Interdependencies of Two Institutional Innovations
Authors:	Biedermann, Reinhard
Date:	2020-12-11
Issue Date:	2020-12-16 12:10:42 (UTC+8)
Abstract:	The COVID-19 pandemics of 2020 is another so-called existential crisis of the European Union (EU) added to the “European poly-crises” (Jean-Claude Juncker) of the last decade. Therefore, Berlin’s theme “Together for Europe’s recovery” of Germany’s July-December 2020 Presidency of the European Union is universal. This rotating EU Presidency is Chancellor Angela Merkel’s last opportunity to solidify her legacy. Originally on that occasion, one would expect an outward-looking vision for the EU, for instance, strengthening of EU-Asia relations as envisaged with the EU-ASEAN strategic partnership, decided indeed under Germany’s 2020 Presidency. However, once more, her capacity as crisis manager is what the situation has demanded. Germany, concealing its influence for different reasons, supported two major institutional innovations that COVID-19 bought intrinsically together. These two major institutional innovations might pave the way towards a closer Union. However, to its critics, they bear the risk of dragging the EU further into jeopardy. The present talk is about joint debt instruments, also dubbed Eurobonds, and the Rule of Law Mechanism, decided on November 5 2020. The former aims at supporting economic recovery after the health crisis. The latter shall ensure that the European treaties and the rule of law standards remain stable in the current populist-prone European politics. The presentation will introduce these two new instruments, discuss the pros and cons, its interdependencies, and its potential consequences. Will they bring the EU closer together or tear the Union apart?
Relation:	The 3rd Wenzao Ursuline European Forum: COVID-19 pandemic. Political, Economic and Social Crises, Impacts and Challenges in Europe (第三屆文藻歐洲論壇－COVID-19 疫情時代：歐洲政經、社會之危機、影響及挑戰)
Appears in Collections:	[Department of Global Political Economy] Proceeding

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