This paper provides an extensive account of the procedures and rules of the Recovery and Resilience Facility.
It analyses the European Commission’s guidance and offers
insights into how the process is being steered and how the
implementation of the NRRPs will be monitored. The aim is to highlight
not only the opportunities, but also the pitfalls of the RRF governance
system. We find a number of difficulties on which member states and the
European Commission should focus. A major risk is getting lost in
administrative procedures and taxonomy exercises, and neglecting the
fundamental pillar for a successful recovery, namely structural reforms
that have a direct and lasting impact on the stability and resilience of
the European economies and that are in line with EU priorities.
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© CEPS - Centre for European Policy Studies
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