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
Date of publication
1. edition
12 pages, 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.

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