A proposal for a coronabond: the pandemic solidarity instrument

Author (Person)	Grund, Sebastian, Guttenberg, Lucas, Odendahl, Christian
Publisher	Centre for European Reform (CER)
Series Title	CER Insight
Publication Date	06/04/2020
Content Type	Research Paper
	Summary: 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	Primary Source https://www.cer.eu/insights/proposal-coronabond-pandemic-solidarity-instrument Alternative Source 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/
Subject Categories	Economic and Financial Affairs
Subject Tags	Fiscal Policy
Keywords	COVID-19 (Coronavirus)
Countries / Regions	Europe
International Organisations	European Union [EU]
Record URL	https://www.europeansources.info/record/?p=521652