A Pandemic Solidarity Instrument for the EU
Bertelsmann Stiftung, Jacques Delors Centre (ed.)
Sebastian Grund, Lucas Guttenberg, Christian Odendahl
Sharing the fiscal burden of the crisis
- Format Type
- Date of publication
- 08/04/2020
- Edition
- 1. edition
- Volume/Format
- 12 pages, PDF
Format
-
PDF
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.
