The EU Recovery Instrument and the Constitutional Implications of its Expenditure

Abstract

2021-2027 Recovery Plan for Europe and its Recovery and Resilience Facility have altered elements of the EU institutional equilibrium - constitutional consistency of the ensuing design - implications for the constitutional evolution of the EU - analysis of the expenditure of the Recovery and Resilience Facility - new fiscal economic stabilisation function - conditionality attached to the funds - strengthened role of the Council - nuanced multi-level financial governance - the fiscal stabilisation function enshrines a potential form of constitutional mutation - the new institutional framework for the expenditure of the EU funds seems to lean towards an intergovernmental preeminence