Economic and Monetary Union of the European Union: Governance during COVID-19 Pandemic Crisis Cover Image

Upravljanje Ekonomske i monetarne unije Evropske unije tokom pandemije Korona virusa – mere i instrumenti
Economic and Monetary Union of the European Union: Governance during COVID-19 Pandemic Crisis

Author(s): Nina B. Lalević
Subject(s): Governance, Economic policy, Welfare systems, Management and complex organizations, Health and medicine and law
Published by: Fakultet političkih nauka Univerziteta u Beogradu
Keywords: COVID-19 programs of the EMU; crisis management; effects on economy and organization; psychosocial consequences;

Summary/Abstract: COVID-19 pandemic momentarily impaired human activities, from the ones of labor, education, and medical treatment to those of complex production. Economic and Monetary Union (EMU) program was welcomed but with reserves. Many financial experts see them as timely and holistic. On the other hand, certain measures require significant spending. Therefore, the question of midterm reparation remains. European countries differ in pandemic response – protection masks, lockdown, media coverage, to name a few. Nevertheless, healthcare system was deeply impacted everywhere. EMU predicted rise in the unemployment rates so special program for unemployment risks was activated. After more than three years of pandemic that is yet to be eradicated, issues in labor, schooling, medical treatment, production and in supply chain are still present. Degree and forms of irreversibility of COVID-19 impairment are continuously researched. Changes in cognitive reasoning joined with online organization of activities changed the very essence of social interaction and expectations.

  • Issue Year: 2023
  • Issue No: 25
  • Page Range: 59-67
  • Page Count: 9
  • Language: Serbian