Economic physiotherapy
Defining the crisis as an induced economic coma, and not a recession, has allowed for the adoption of a different and sounder strategy
Defining the crisis as an induced economic coma, and not a recession, has allowed for the adoption of a different and sounder strategy
A recovery plan that is as large and generous as necessary needs to be designed, without obsessing over the cost
For now, fiscal policy must continue to prop up activity as much as possible, with the decisive support of monetary policy
The Covid-19 health crisis could become a major economic crisis if the response is not commensurate to the needs
The battle against the coronavirus represents an existential challenge for the eurozone, and member countries must mutualize the solution accordingly