THE EUROPEAN INTEGRATION PROCESS IN TIMES OF COVID-19 PANDEMIC: FRAGMENTATION VS. SOLIDARITY
DOI:
https://doi.org/10.26619/1647-7251.17.1.8Keywords:
Enlargement, macroeconomic impacts, European integration, COVID-19 pandemic, solidarityAbstract
The article analyzes the impact of the COVID-19 pandemic on the European integration process, particularly focusing on its economic component. The pandemic effects were particularly severe in the Tourism and Hospitality and Aviation sectors, most affected by measures to combat the SARS-CoV-2 virus, such as confinement and border closures. Some of the main consequences caused by the COVID-19 pandemic crisis on European countries are explained according to a critical assessment of the success of some public intervention measures implemented by policy makers to address it. The research carried out highlighted important lessons: i) solidarity between the different EU Member States was fundamental to the success of the vaccination process; ii) better health increased labor supply and productivity, contributing decisively to economic growth in the EU; iii) neither the tourism nor aviation sectors were prepared to deal with major health-related crises, and iv) economic recovery will take several years.
