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Cohesion policy and sound economic governance: a loveless marriage

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Due to the large opposition to macroeconomic conditionality, the relation between cohesion policy and EU economic governance got off to a rocky start. This article aims to evaluate these expanded macroeconomic conditionality rules. First, the article describes the functioning of macroeconomic conditionality, both its sanctioning part (the stick) and incentive part (the carrot). Subsequently, the potential impact of these new rules is assessed.

Published in The Polish Quarterly of International Affairs, 2014, n°3.

(Photo credit: Simon Blackley, Flickr)