Sharing the fiscal burden of the crisis - A Pandemic Solidarity Instrument for the EU

  • 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 provide liquidity to European companies.

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Metadaten
Document Type:Working Paper
Language:English
Author(s):Lucas Guttenberg, Sebastian Grund, Christian Odendahl
Publication year:2020
Publishing Institution:Hertie School
Number pages:12
Release Date:2020/06/02
Hertie School Research:Jacques Delors Centre
Jacques Delors Centre / Policy Papers
Licence of document (German):Creative Commons - CC BY - 4.0 International
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