“…The limits of the EU as a regulatory state has been indicated previously (Caporaso et al ., 2014 ; Schelkle, 2009 ), but this has become even more apparent with the response to the COVID‐19 pandemic. We find, on the other hand, that the concept of ‘catalytic state’ (Prontera and Quitzow, 2022 ), or ‘entrepreneurial state’ (as defined by Mazzucato, 2015 ) could be more promising. Whereas the regulatory structure of the EU has consolidated over the decades, and it is also present in the governance of RRF, we observe that an additional layer of distributive, redistributive and ‘entrepreneurial’ (Mazzucato, 2015 ) or ‘catalytic’ (Prontera and Quitzow, 2022 ) measures adopted by the EU during the COVID‐19 crisis, indicate a common direction of economic stimulus, institutional reforms, and nudging of national government as well as of private companies.…”