Policy Paper 91, 15 October 2019

Resilience and Governance of the European Union, Arnaud Leconte*

Summary:

This article proposes a way to end the persistent crisis in the European Union and a new European governance ensuring the resilience of the EU in the face of shocks (climatic, economic and social). The prerequisite is to deal with the fragility of over-indebtedness and moral hazard in order to create the conditions for a new governance based on the principles of solidarity, responsibility and independence. This new governance must be founded on shared efforts to converge the productivity / remuneration ratio, the trade balance and unemployment of European regions. The aim is for European solidarity to be expressed in a European social contract and a Sahelian Climate Fund where systemic risks are contained and shared at a time of climate and demographic shocks.

Full Policy Paper available here