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.
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 |