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By Philippe Legrain ADD COMMENTS

As Europe faces an unprecedented coronavirus crisis that is so far hitting Italy and Spain particularly hard and is straining the EU to breaking point, an exceptional “corona bond” would provide the fiscal firepower to support stricken businesses and workers and demonstrate European solidarity. If not now, when?

Read my latest for Brussels Times

My piece was quoted by Ishaan Tharoor in the Washington Post as follows:

The coronabonds, wrote economist Philippe Legrain, would “give the eurozone greater geopolitical reach and provide greater protection against President Donald Trump’s abuse of the dominance of the US dollar for harmful political ends.” It would also prove that “European solidarity exists,” according to Legrain.

Posted 02 Apr 2020 in Blog

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