Problems of Economic Growth in the EU in Times of Covid-19: Main Sources and Potential Solutions

As former Polish Minister of Finance under the first non-communist government Leszek Balcerowicz led the transition from a centrally-planned to a free-market economy. Those series of reforms became internationally known as the “Balcerowicz Plan”.

In his presentation Professor Balcerowicz explained, why the demand focused policies do not only neglect the long-term obstacles for economic growth but are also likely to damage the supply side. In conclusion Professor Balcerowicz showed on which policy measures the EU should focus to ensure long-term economic growth. He in particular took into account the economic impact of the current Corona crisis in Europe.

The presentation was held in English.

The Munich Economic Debate took place as a mere online event.