Against this background, this double session will look into the effects of the crisis and austerity measures from a sub-national perspective. The consequences of these developments on the territorial administration, regional governance and the reform of EU cohesion policy have so far been largely overlooked in the research to date, therefore the proposed session will offer an opportunity to bridge a major research gap.
The first part of the session will focus on the transnational activities of the local and regional actors.
This second part will in turn focus on the effects of the crisis and austerity on EU cohesion policy and their implications for regional governance. Nicola Franceso Dotti and Rocco Luigi Bubbico will draw on the new Territorial Capital approach to shed light on the reform of EU cohesion policy in the context of the crisis and the squeeze in public finance in the EU member states. Marcin Dabrowski will discuss the role of the financial engineering instruments in EU cohesion policy as a means to ‘do more with less’ and leverage private funding in times of austerity, while examining their effects on regional governance in a comparative perspective. Simona Milio will investigate the effects of the special measures altering the rules of operation of EU cohesion policy, that were put in place in the context of the crisis to facilitate the absorption of the structural funds in the troubled economies of Southern and East-Central Europe. Finally, Anastassios Chardas will examine the administrative and political impact of the interplay between the austerity policies, domestic territorial reform and the EU cohesion policy in the Greek regional and local authorities.