Handbook on Cohesion Policy in the EU
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Handbook on Cohesion Policy in the EU

Edited by Simona Piattoni and Laura Polverari

This Handbook covers all major aspects of EU Cohesion policy, one of the most significant areas of intervention of the European Union. Over five parts, It discusses this policy’s history and governing principles; the theoretical approaches from which it can be assessed; the inter-institutional and multi-level dynamics that it tends to elicit; its practical implementation and impact on EU member states; its interactions with other EU policies and strategies; and the cognitive maps and narratives with which it can be associated. An absolute must for all students of the EU.
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Chapter 12: Cohesion policy, EU economic governance and the role of the European Investment Bank

Rocco L. Bubbico, Angel Catalina Rubianes, Eugenia Kazamaki Ottersten and Maria K. Sioliou


This chapter looks at the relationships between Cohesion Policy and the evolution of European Union (EU) economic governance and to the connections between Cohesion Policy and the European Investment Bank. In the crisis years Cohesion policy has been operating in a complex macroeconomic context that has limited its effectiveness. The reinforced EU economic governance in response to the crisis generated a considerable impact on the 2014_2020 policy reform, based on the idea that a healthy macroeconomic environment underpins sustainable regional development and convergence. In this context, the chapter looks at the increased relationships between Cohesion policy and the European Investment Bank, analysing the increased operational interlinkages between grants and financial instruments and the augmented consistency across the implemented instruments resulting from this integration

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