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Tag Archives: COVID-19

COVID-19 Fiscal response: What are the options for the EU Council?

It is time for the EU Council to make quick progress on the fiscal front and announce something as soon as possible to show that it taken full measure of the severity of the situation. As the COVID-19 pandemic intensifies, and now that Europe has become one of its epicentres, voices are raised among EU countries in support of a common and significant European response to deal with the health situation and the related economic crisis currently unfolding. Many options are currently discussed in...

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Banks and loan losses in the pandemic turmoil

The current pandemic is shaking the financial system. How can banks react ? Is a consolidation of the financial system in Europe needed in order to respond to this crisis ? Will our economies suffer from this pandemic as much as they did in 2008 ? This week, Giuseppe Porcaro is joined live by Guntram Wolff and Nicolas Véron to discuss banks and loan losses in the pandemic turmoil. By: The Sound of Economics Date: March 25, 2020 Topic: Finance & Financial Regulation

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Banks in pandemic turmoil

The banking system is critical to society and requires attention and support. In doing so, however, tough love is preferable to complacency. As the COVID-19 spread and policy reactions have disrupted markets, bankers on both sides of the Atlantic have called for relaxation of accounting standards introduced in the wake of the Great Financial Crisis, known as expected credit loss provisioning. These calls, like much bank lobbying on capital regulation, should be ignored by public authorities...

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Europe’s failure to address Covid-19 shows the need for a European ‘health citizenship’

The Covid-19 crisis illustrates that globalisation entails health risks, and that the institutional design of public health systems is ill-suited for the scale of a pandemic, writes Joan Costa-Font. He argues that the inefficiency of the policies implemented by different EU member states highlights why a Europe-wide public health authority should now be a priority to counteract collective action problems among different member states. EU membership should be accompanied by a European ‘health...

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Europe’s choice: A borderless crisis requires a borderless solution

EU governments have adopted a diverse range of measures to tackle the coronavirus crisis, but there has been a perceived lack of coordination and unity among member states. Michael Cottakis argues that for Europe, the danger is obvious: the normalisation of new measures of protection and of the belief that national solutions are sufficient for addressing problems on a global scale. Yet the new coronavirus is the clearest demonstration thus far that borders do not protect us – and that...

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Revue de Presse : 22 mars

Share the post "Revue de Presse : 22 mars" Le coronavirus est-il la fin de la mondialisation ? C’est la question à laquelle s’adressent Henry Farrell et Abraham Newman dans Foreign Affairs. Dans l’économie mondialisée, grâce aux chaînes logistiques conçues pour fournir des pièces essentielles à la dernière minute (just in time), les entreprises n’ont pas besoin de garder des réserves. La crise sanitaire actuelle ayant brusquement arrêté ces chaînes, de nombreux pays se...

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European health systems and COVID-19: Some early lessons

COVID-19 is putting unprecedented pressure on European healthcare systems. Tamara Popic draws together some early lessons, arguing that the crisis should prompt a rethink of the direction of healthcare policies across Europe, and that the principle of solidarity must now move to the forefront as countries seek to mitigate the impact of the outbreak. The spread of COVID-19 has put new pressures on already strained national health systems across Europe. In Italy, the country reporting the...

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Coronavirus crisis: There is no way back to business as usual in the EU

What are the likely political and economic implications of the Covid-19 crisis for European states? Patrick Kaczmarczyk writes that the austerity measures imposed on Eurozone countries after the global financial crisis led to a surge of right wing and anti-EU parties across the continent. So far, these parties have gained strength, but have not yet come into power. If the EU were to go back to business as usual after the current crisis, this might quickly change – and the coronavirus may turn...

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How COVID-19 is altering our conception of citizenship

The COVID-19 pandemic is a public health emergency, but it also has the potential to impact on many other elements of European societies beyond health services. Jelena Dzankic and Lorenzo Piccoli write on the effect the outbreak is having on the uses and meanings of citizenship. The rapid spread of the coronavirus has wrecked human mobility, and profoundly disrupted the daily lives of millions of people worldwide. Its effects are mirrored in policies such as evacuations from affected areas or...

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Coronavirus crisis: Coverage from around Europe

Given the crisis facing many countries across Europe, we will be compiling a selection of comments from academics, journalists and other experts on this page. If you would like to have a short comment included, please email the Managing Editor at [email protected] 16 March After the Danes yday the Norwegian govt has set out what it will do for workers affected by #COVID19: 🇳🇴 Full pay for those laid off for 20 days.🇳🇴 Self employed get 80% of their average income the last 3 years –...

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