The Dutch-led opposition to a ‘coronabond’ to raise funds for nations hardest-hit by the pandemic is self-defeating, say researchers David Adler and Jerome Roos
Last Thursday, the leaders of the European Union convened a video conference to deliberate the escalating Covid-19 crisis. On the agenda was a simple proposal co-signed by nine different eurozone governments: the “coronabond”, a new type of public debt instrument backed by all the members of the currency union as they come together to combat the virus.
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