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Articles by Bénassy-Quéré, Weder di Mauro

Europe in the time of Covid-19: A new crash test and a new opportunity

4 days ago

The recovery from the Covid crisis and related lockdowns is likely to be slow due to depressed consumption and investment, and it will require fast reallocations in both the labour market and the capital market. The shock being both exogenous and dramatic, one could have expected European politicians to temporary forget their disagreements. However, even under such obvious circumstances, European coordination has proved as painful as ever and many of old fault lines in the euro architecture debate have reopened. At the same time, a remarkable degree of productive debate and consensus has been forged among economists from all over Europe, which we bring together in a new VoxEU eBook (Bénassy-Quéré and Weder di Mauro 2020). 
A remarkable degree of productive debate and consensus

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Europe in the Time of Covid-19

8 days ago

There is no doubt that the Covid crisis represents a challenge for European unity and another crash test for the euro. This eBook brings together a collection of Vox columns proposing and analysing the appropriate responses to ‘flatten the economic recession curve’ and to safeguard the most impacted groups from the economic fallout of the health crisis.

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There is no doubt that the Covid crisis represents a challenge for European unity and another crash test for the euro. Europe has been, and will likely remain, one of the most Covid-infected regions in the world and, while doing nothing was not an option and would itself have disrupted economic activity, the forceful reactions of national

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Europe in the time of Covid-19: A new eBook

8 days ago

After a period of hesitation, governments in Europe have reacted forcefully to the Covid-19 pandemic with various strategies combining social distancing, testing/quarantining, and lockdowns. During a pandemic, however, coordination is key, and in responding to the current crisis European coordination has proved as painful as ever. A new eBook brings together Vox columns analysing the three axes of European-level support – monetary policy and banking, state aid and fiscal rules, and funding – and identifies the main difficulties that will appear down the road. It concludes that the EU Recovery plan that is taking shape looks promising and could represent a significant sign of European solidarity and unity.

There is no doubt that the Covid crisis represents a

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