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Economic crisis: coronabonds are dead, long live the common recovery!

2020-04-10T20:28:16.472Z


DECRYPTION - We must consider new innovative financial instruments, focused on borrowing.


Everyone can see noon at their door, after the economic agreement welcomed by all the finance ministers of the euro zone. “We are and will remain opposed to eurobonds. We believe that this concept will not serve Europe or the Netherlands in the long term, " tweeted Dutchman Wopke Hoekstra, after almost collapsing the discussions two days earlier. His French counterpart Bruno Le Maire raised his fists as a sign of victory, after the adoption of his idea of ​​a shared stimulus fund, the size of which would be “proportionate to the extraordinary costs engendered by the crisis”, according to the official press release. Long live constructive ambiguity. If pooling gives buttons to some, let's talk about concerted action.

Read also: Coronavirus: the Twenty-Seven agree on a plan of 540 billion euros

European solidarity measures unthinkable ten years ago have already seen the light of day. To put things into perspective, decisive steps have been taken in a short time, compared to the two years taken to react to the sovereign debt crisis. Inherited from this crisis, the Mechanism

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Source: lefigaro

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