Bertelsmann Stiftung, Jacques Delors Centre (ed.)

Sebastian Grund, Lucas Guttenberg, Christian Odendahl

Sharing the fiscal burden of the crisis

A Pandemic Solidarity Instrument for the EU

  • 1. edition 2020, 12 pp (PDF)
  • Free of charge

EU member states must share the burden of the fiscal costs of the COVID-19 pandemic. The Pandemic Solidarity Instrument delivers such burden sharing: The EU would borrow 440 billion euros in the market and would give it as grants to member states for specific spending in areas such as health care, short-time works schemes or stimulus packages; it would also give guarantees to the European Investment Bank to pro- vide liquidity to European companies.