EU economic governance overhaul boosts regional development and convergence
The chapter discusses how Cohesion Policy, EU economic governance, and the European Investment Bank are connected. During the crisis, Cohesion Policy faced challenges due to the economic environment. The EU's response to the crisis influenced policy reforms from 2014 to 2020, emphasizing the importance of a strong macroeconomic environment for regional development. The chapter explores the growing relationship between Cohesion Policy and the European Investment Bank, focusing on how grants and financial instruments are now more closely linked, leading to more consistent implementation of these tools.