EU financial assistance during COVID-19 pandemic: Are loans the solution?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F21%3A00121996" target="_blank" >RIV/00216224:14220/21:00121996 - isvavai.cz</a>
Result on the web
<a href="https://administrativescience.com/index.php/instadm/article/view/13" target="_blank" >https://administrativescience.com/index.php/instadm/article/view/13</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
EU financial assistance during COVID-19 pandemic: Are loans the solution?
Original language description
This article deals with the European Union’s reaction to the COVID-19 pandemic. The current crisis is having a negative impact on national economies. Based on legitimate concerns about the fiscal stability of the euro area and the EU as a whole, the Union has adopted a number of measures to support the Member States. As part of the solution to the coronavirus crisis, we cannot ignore the role of the European Stability Mechanism, in which financial assistance has been earmarked for euro area members. The article focuses on three instruments providing financial assistance in the form of loans: Pandemic Crisis Support, Support to mitigate Unemployment Risks in an Emergency (SURE) and the Pan-European Guarantee Fund. This EUR 540 billion rescue package was agreed by the Eurogroup on 9 April 2020. The article aims to identify the differences between these instruments and their target groups by analysing and comparing their legal bases, conditions and economic impact. As part of the contribution, we also mention countries that are not members of the euro area but have drawn assistance in the form of loans from the mentioned funds.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Institutiones Administrationis – Journal of Administrative Sciences
ISSN
2786-1929
e-ISSN
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Volume of the periodical
1
Issue of the periodical within the volume
1
Country of publishing house
HU - HUNGARY
Number of pages
6
Pages from-to
116-121
UT code for WoS article
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EID of the result in the Scopus database
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