Brief on COVID-19: European integration continues on several fronts as the COVID-19 crisis escalates. Without the Czech Republic

In his brief, Jiří Lacina explores the impact of COVID-19 on the future development of European integration and the role of Czechia in this development.

  • The EU, its institutions and the Member States are working together to withstand the current pandemic and prepare for the economic crisis to follow. Simultaneously, ideas on the future arrangement of the EU are appearing. Two emerged on 9 April: one of monetary and the other of environmental nature – and both dealing with region’s economic recovery. For now, the Czech Republic is not engaging in any of them, and once again risks being left behind.

"It is likely that future European integration will take place along the lines of climate action and strengthening the Eurozone. The impact of the Euro on Member State’s integration level has already been documented, and the current developments could potentially, and likely, amplify that."

"Just last year, PM Babiš did not understand why there was such a “big pressure to talk about the 2050 goal” and said the EU should focus on "realistic, short-term 2030 climate goals." Thus, it is unsurprising that a Czech signature cannot be found under the letter of the 17 states. Similarly, the date of Czech Euro adoption has not been set yet. Judging by the statements of the government and the central bank, it is not going to happen soon – though the industry has been very loudly supporting the common currency and the bank’s own analysis says the country is ready for the Euro."

You can read the full brief using the PDF button on the right side.

#EU #coronavirus #COVID-19 #Czech Republic #Eurozone

Jiří Lacina
Communications Manager
Publications, events and other activities concerning the pandemic and its consequences

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