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

Format Type
PDF
Date of publication
08/04/2020
Edition
1. edition
Volume/Format
12 pages, PDF
Delivery status
Lieferbar

Price

Free of charge

Description

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.

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