After its longest meeting ever, the Eurogroup reached an agreement yesterday evening. What does the agreement say? What does it mean in terms of the emergency reaction to the economic fallout of the COVID-19 pandemic? What does it mean, more broadly, for the future of Europe? This week, Giuseppe Porcaro is joined by Maria Demertzis, André Sapir and Guntram Wolff to discuss whether the Eurogroup can save the day.
Europe must find the “Ways and Means”.
In this episode of The Sound of Economics, we analyse the Eurogroup's 'rescue plan' amidst the economic fallout brought about by the COVID-19 health crisis.
How can the EU product safety and compliance framework help promote product durability and tackle planned obsolescence, foster the production of more sustainable products, and achieve more transparent supply chains for consumers? Product longevity can play a useful role in achieving the Paris Agreement goals – material efficiency is an important contributor to energy efficiency and is also important in its own right. The product safety and compliance instruments available at European level can contribute to these efforts, if wisely applied.
Self-employed workers are hardest-hit by COVID-19 lockdowns. Yet they often receive less government support than salaried employees. Is the disparity justified?
Using online searches for restaurants as a proxy to assess whether and to what extent individuals were practicing social distancing before strict lockdown measures, we identify substantial differences between countries. In some countries, including Denmark and Portugal, searches for restaurants were considerably down before restaurant restrictions were put in place. Countries where social distancing started earlier, regardless of when policies were enacted, can expect a flatter coronavirus curve.
How can cohesion funds help the National, regional and local communities that are on the frontline in countering the coronavirus and the resulting economic crisis.
This is the second event in our series with the Financial Times, where Paolo Gentiloni will discuss the European response to the coronavirus crisis.
We had not seen a common challenge as clear as this pandemic. The sum of national actions and programs is likely to be insufficient.
How can the European Union fight the cybercriminals that are exploiting the coronavirus crisis?
We are not in normal times and we have to surpass, albeit only for the duration of the COVID-19 shock, the hurdles that did not allow the euro-area to endow itself of a common fiscal policy.
Because even thriving companies can be killed in a matter of weeks by a recession of the magnitude now confronting the world, advanced-economy governments have reacted in a remarkably similar fashion to the COVID-19 crisis. But extending liquidity lifelines to private businesses and supporting idled workers assumes a short crisis.