1、1/706 June 2022New needs,new prices,same money Why the EU must raise its game to combat the wars economic falloutNils Redeker,Deputy DirectorPhilipp Jger,Policy FellowPolicy BriefRussias invasion of Ukraine puts EU economic policy making on the spot.At the beginning of the war,there was some uncerta
2、inty whether the combination of dampening growth,rising energy prices and new investment needs would warrant new common EU spending.However,in recent weeks the fog has cleared.It is now evident that without additional common expenditures the EU risks undermining its common position towards Russia an
3、d that new money is needed to finance necessary investments in energy independence.Introduction1Russias invasion of Ukraine puts EU economic policy making on the spot.Acute uncertainty and spiraling prices are dampening growth.Inflation has hit new highs.Energy bills at record levels.And the need to
4、 wean Europe off Russian energy and achieve climate targets as well as to boost defense spending will require massive additional EU-wide investments when shared resources are already scarce.At the beginning of the war,there was some pushback against the idea that these issues would require more comm
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