EU financial assistance during COVID-19 pandemic: Are loans the
solution?

J 2021

EU financial assistance during COVID-19 pandemic: Are loans the solution?

BUZKOVÁ, Romana a Nikol NEVEČEŘALOVÁ

Základní údaje

Originální název

EU financial assistance during COVID-19 pandemic: Are loans the solution?

Autoři

BUZKOVÁ, Romana (203 Česká republika, garant, domácí) a Nikol NEVEČEŘALOVÁ (203 Česká republika, domácí)

Vydání

Institutiones Administrationis – Journal of Administrative Sciences, Széchenyi István University, 2021, 2786-1929

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50501 Law

Stát vydavatele

Maďarsko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

Open access časopisu

Kód RIV

RIV/00216224:14220/21:00121996

Organizační jednotka

Právnická fakulta

Klíčová slova anglicky

coronavirus; crisis; European Stability Mechanism; European Union; financial assistance; loans

Štítky

rivok

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 1. 3. 2022 15:20, Mgr. Petra Georgala

Anotace

V originále

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.

Návaznosti

MUNI/A/1531/2020, interní kód MU

Název: Opatření kohezní politiky proti koronaviru (Akronym: OKPPK)

Investor: Masarykova univerzita, Opatření kohezní politiky proti koronaviru

Citovat

BUZKOVÁ, Romana a Nikol NEVEČEŘALOVÁ. EU financial assistance during COVID-19 pandemic: Are loans the solution? Institutiones Administrationis – Journal of Administrative Sciences. Széchenyi István University, 2021, roč. 1, č. 1, s. 116-121. ISSN 2786-1929.

@article{1784022,
   author = {Buzková, Romana and Nevečeřalová, Nikol},
   article_number = {1},
   keywords = {coronavirus; crisis; European Stability Mechanism; European Union; financial assistance; loans},
   language = {eng},
   issn = {2786-1929},
   journal = {Institutiones Administrationis – Journal of Administrative Sciences},
   title = {EU financial assistance during COVID-19 pandemic: Are loans the solution?},
   url = {https://administrativescience.com/index.php/instadm/article/view/13},
   volume = {1},
   year = {2021}
}

TY  - JOUR
ID  - 1784022
AU  - Buzková, Romana - Nevečeřalová, Nikol
PY  - 2021
TI  - EU financial assistance during COVID-19 pandemic: Are loans the solution?
JF  - Institutiones Administrationis – Journal of Administrative Sciences
VL  - 1
IS  - 1
SP  - 116-121
EP  - 116-121
PB  - Széchenyi István University
SN  - 27861929
KW  - coronavirus
KW  - crisis
KW  - European Stability Mechanism
KW  - European Union
KW  - financial assistance
KW  - loans
UR  - https://administrativescience.com/index.php/instadm/article/view/13
N2  - 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.
ER  -

BUZKOVÁ, Romana a Nikol NEVEČEŘALOVÁ. EU financial assistance during COVID-19 pandemic: Are loans the solution? \textit{Institutiones Administrationis – Journal of Administrative Sciences}. Széchenyi István University, 2021, roč.~1, č.~1, s.~116-121. ISSN~2786-1929.

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