The Covid-19 pandemic has resulted in a severe global economic crisis. While the current situation in Europe and the United States is different, in an effort to jump-start their economies both the EU and the U.S. are in the process of adopting ambitious stimulus packages. The NextGeneration EU recovery plan is in the process of being ratified by the national parliament of each EU member state. In the U.S., the Biden-Harris administration has proposed major spending programs in the form of the American Jobs Plan and the American Families Plan.
On May 12, the ACG and Hanns-Seidel-Stiftung hosted a discussion with ACG Chairman Ambassador John B. Emerson and Markus Ferber, Member of the European Parliament Chairman of the Hanns-Seidel-Stiftung; and moderated by economist Megan E. Greene.