24 Feb

What makes an economy resilient? Lessons learned after the 2008 crisis and what it means for today

Since shocks cannot be avoided and are likely to occur more frequently in the future, it is crucial to strengthen economic resilience – “the ability of a country to withstand a shock and recover quickly to its potential [growth] after it falls into recession” – on national and regional levels. 

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The reviewed data on the share of renewable energy in the total energy consumption mean that Slovakia has reached the 2020 EU target and is even close to reaching the target for 2030. Despite this, some of the renewable energies raise concerns over environmental and health issues.

“Ideas, institutions and laws give the necessary framework to get started. How things are implemented is the acid test. It remains to be seen how it will be facilitated and supported by member states or how it may be sabotaged. I consider european institution key to protection of financial interests in European Union for rule of law, integrity and deeper integrated processes that EU desperately needs of this points”, says Professor Nikos Passas in an interview with EURACTIV.pl.

States implemented unprecedented measures restricting private life in response to the coronavirus pandemic, severely damaging entire economic sectors. In turn, governments introduced novel, high volume social and sectoral aid programs to mitigate the long-term negative effects of the crisis. The size and specifics of economic stimulus packages vary from country to country. Hungary also tried to carve its own path amidst this unprecedented crisis.

The pandemic has exposed how important it is to effectively and quickly fight against disinformation campaigns. The Czech Republic has long underestimated this problem. Now, we can see the results.

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