The coronavirus crisis may be a natural disaster but, Sheri Berman writes, how governments are responding is a product of their politics.
A Europe-wide public-health authority should be a priority to counteract collective-action problems among EU member states.
The coronavirus crisis has remade the case for public authority—but that can only work in a complex network of multi-level governance.
The coronavirus has not only attacked vulnerable individuals—it has highlighted how Europe’s atrophying social ties leave a growing precariat exposed.
Governments must use the momentum created by the COVID-19 pandemic to make rapid progress toward collectively financed, comprehensive social-protection systems.
The European Union must manifest real solidarity in response to the coronavirus crisis. Muddling through will not do.
Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge
More monetary-policy easing is still a one-club approach—fiscal support is also needed at EU level.
The coronavirus crisis has exposed the shared vulnerability of Europe’s interdependence. Time to turn that into a strength.
The Covid-19 crisis may have set the stage for a debt meltdown long in the making, starting in the Asian economies on the front lines.
The spread of Covid-19 has called into question—once again—the frailties of the European Union.
To prevent the coronavirus shock to demand precipitating a long-lasting depression, government needs to become short-term payer of last resort.