The European Response to the Coronavirus Crisis

摘要

On 11 March 2020, the World Health Organization declared the novel coronavirus outbreak a global pandemic. Ill-prepared and reluctant to halt economic activities, EU member states were slow to react to contain the spread of the virus. Although necessary, the lockdown measures came with a heavy price. The need for economic and financial assistance for EU member states with limited fiscal space has never been more pressing. The response to the economic damage this crisis has inflicted on the Union must be joint and swift - the future of the EU depends on it.The Need for Monetary Financing of Corona Budget DeficitsPaul de Grauwe,London School of Economics,UK.How the COVID-19 Pandemic Is Reshaping the Trade Landscape and What to Do About ItSebastien Jean,Centre d'Etudes Prospectives et d'lnformations Internationales;and National Research Institute for Agriculture,Food and Environment(INRAE),Paris,France.