Ook bij EU denktank Bruegel ziet men de Corona-crisis als de bedreiging die zij is. En vanzelfsprekend is méér EU de oplossing.

Plus dat in de EU-economie opnieuw bergen geld moeten worden geïnjecteerd. Zie daarvoor ook de inleiding onderaan van een artikel dat zich daar op richt.

The current pandemic is shaking the financial system. How can banks react ? Is a consolidation of the financial system in Europe needed in order to respond to this crisis ? Will our economies suffer from this pandemic as much as they did in 2008 ? This week, Giuseppe Porcaro is joined live by Guntram Wolff and Nicolas Véron to discuss banks and loan losses in the pandemic turmoil.

Duur: 54:36 min.

Publicatie 25 maart

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Europe needs a Covid-19 Recovery Programme

Auteurs

GregoryClaeys, Simone Tagliapietra & Guntram B. Wolff

Policymakers need to think long-term and start planning a broad investment scheme to reboot the European economy.

The Covid-19 pandemic represents an unprecedented challenge for Europe’s healthcare systems, and a major shock for the continent’s economy. After the initial focus on the immediate crisis response measures, policymakers need to also think long-term and start planning a broad investment scheme to reboot the European economy once the virus has been defeated. That is, it is high time to start considering a European Covid-19 recovery programme.

Why such a plan? As the pandemics rapidly spread across Europe and the world, it has become evident that a V-shaped economic recovery is unlikely. On top of the initial supply shock, this crisis is inevitably having second round effects. Demand is quickly falling as consumers postpone or even cancel their consumption. As citizens worry about the future, they increase their precautionary savings.

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Lees de rest van dit artikel op de site van Bruegel, of op de oorspronkelijke plek van publicatie: op de opiniepagina’s van de Financial Times

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