The NRRP as a “Self-Restraint” and as a Development of the (Spending) Conditionality Mechanism

The paper analyzes the conditionality mechanism triggered by the Next Generation EU and by the National Recovery and Resilience Plan. In particular, the interpretation used sees in the NRRP the last stage of the process of conditionality and as a development of the concept of external constraint. Finally, the NRRP is related to the monetary policies of the ECB and to the reform of European economic governance.