![EU Debt as Insurance Against Catastrophic Events in the Euro Area](/summary-img/39593-K9IVEI7S.jpg?h=M&b=0)
Article
EU Debt as Insurance Against Catastrophic Events in the Euro Area
The Key Questions and Some Answers
Bruegel,
2020
Recommendation
Policy makers in the European Union’s member countries must walk a fine line between inaction and misdirection in their search for a way to combat the economic malaise wrought by the coronavirus. EU-issued debt could serve as an effective, temporary backstop to bring some degree of relief to the region’s economies. As this astute analysis from economist Guntram B. Wolff reveals, this insurance instrument should derive from EU institutions rather than from national governments. Such an approach would be more politically viable, no small feat in the rough-and-tumble obstacle course that is the European Union.
Summary
About the Author
Guntram B. Wolff is the director of Bruegel, a European think tank.
By the same author
Report
Learners who read this summary also read
Report
Book
Book
Comment on this summary