A proposal for a coronabond: the pandemic solidarity instrument

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Publication Date 06/04/2020
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The economic consequences of the coronvirus pandemic will be severe for all EU member states. Europe needs a common fiscal response, to ensure that all countries can fight the crisis with equal resources. The authors propose a €440 billion EU scheme which they call a Pandemic Solidarity Instrument. The scheme would be funded by the EU issuing its own bonds based on guarantees by member-states. Each country would repay those bonds in proportion to the strength of their economy’s recovery.
Source Link Link to Main Source https://www.cer.eu/insights/proposal-coronabond-pandemic-solidarity-instrument
Alternative sources
  • https://www.cer.eu/sites/default/files/insight_CO_6.4.20.pdf
Related Links
ESO Records
European Commission, 13 March 2020 : Coordinated economic response to the COVID-19 Outbreak https://www.europeansources.info/record/coordinated-economic-response-to-the-covid-19-outbreak/
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