Jasper Doomen

Covid-19: Should EU states share the economic burden?

The Italian economy has been left in a particularly vulnerable position by the Covid-19 outbreak. Jasper Doomen examines how the EU could attempt to share the economic burden of the crisis. He argues that while there are grounds for some form of solidarity, attempts to bring the member states together could equally end up pushing them further apart.

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Control over state properties by countries that provide financial aid would incentivize southern European economies to repay their loans.

The Eurozone’s northern leaders face a dilemma – imposing further austerity on the stricken southern economies, such as Spain, Greece and Italy may have severe consequences for the richer north, but every concession made erodes their credibility. Jasper Doomen argues for an alternative: Countries that provide financial aid to the stricken southern European economies should be given control over state […]

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