- Michael Hüther, Peter Bofinger, Sebastian Dullien, Gabriel Felbermayr, Moritz Schularick, Jens Südekum, Christoph Trebesch in NewStatesman ·
- Contribution ·
- 30 March 2020
Europe must demonstrate financial solidarity
Seven leading German economists call for €1 trillion of European crisis bonds. As the coronavirus sweeps Europe and societies go into lockdown, the economies of the Eurozone are now confronted with simultaneous supply and demand shocks. As people stay at home, factories are producing less and consumers are buying less.