The added value of the Recovery and Resilience Facility-Based on an assessment of the Recovery and Resilience Plans: France, Italy, Portugal and Spain

Abstract

[EN] This paper assesses the value added of the the RRPs of France, Italy, Spain and Portugal in light of the vulnerabilities limiting their long-term growth, and of some main implementation risks, such as the need to avoid financing recurrent expenditures, the degree of additionality of the RRPs, the preference for grants, the lack of EU value added, or insufficient administrative capacity. The paper calls for a political debate on such issues and, in particular, on the role of additionality. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.