Summary of An Effective Economic Response to the Coronavirus in Europe

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

An Effective Economic Response to the Coronavirus in Europe summary

Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • Hot Topic

Recommendation

Robust measures to slow the spread of COVID-19 have come with harsh economic consequences. As the pandemic lockdown continues to close its pincers around global channels of supply and demand, governments need to take decisive action to keep the world open for business while at the same time safeguarding its health. In this cogent briefing, policy experts at Bruegel offer EU officials a response framework that points to a workable way forward for Europe.

About the Authors

Maria Demertzis, André Sapir, Simone Tagliapietra and Guntram B. Wolff are professionals at Breugel, a European think tank.

Summary

The coronavirus has had severe and wide-ranging economic effects on the European Union. 

From epidemic to pandemic, COVID-19 has touched all corners of the Earth, and the socioeconomic consequences of lockdowns have affected both supply and demand. In Europe, national health systems are experiencing stresses as never before; the most glaring example has been in Italy. Actions such as sheltering in place, particularly on citywide and regional levels, have created uncertainty in the euro area’s economies. 

Roiled financial markets reflect the devastating effects of the coronavirus on many industries, including travel and tourism, which have been primary targets. ...


Comment on this summary

More on this topic

By the same authors

For the euro there is no shortcut to becoming a dominant currency
7
The financial fragility of European households in the time of COVID-19
8
EU Debt as Insurance Against Catastrophic Events in the Euro Area
8
How Not to Spend It
8
The Implications of a No-Deal Brexit
8
The EU Response to US Trade Tariffs
8
Cryptocurrencies and Monetary Policy
8
Making a Reality of Europe’s Capital Markets Union
7
Europe in a New World Order
8
Making the Best of Brexit for the EU27 Financial System
8
Manufacturing in the US
8
Europe after Brexit
9
Which Fiscal Union for the Euro Area?
8
“Leaning Against the Wind” and the Timing of Monetary Policy
7
Why has COVID-19 hit different European Union economies so differently?
7
Chronicle of a Pandemic Foretold
9
Brexit: What’s Next?
8
EU Recovery Fund
8
Geopolitical Alpha
8
The Pandemic Depression
7

Related Channels