Politicians are said to care only about fighting to survive until the Friday prior to elections. Economists and governors, instead, are supposed to care about the economic cycle and the survival of an entire country. I have already exemplified this point when talking about sovereigns’ crisis. The fact that politicians’ behaviour is selfish is arguable, but that it brings detrimental effects is a statement, demonstrated by history.
In this series of articles, we will explain what Eurobonds are, why there are so many concerns around them and if they could be developed someday soon. In particular, we will go through European peculiarities and we will analyse all viable options to face extreme conditions as it is for COVID-19.
Someone tried to bribe Germany
The Covid-19 crisis highlights the unescapable weaknesses of the grounds of the European project. History is calling us, asking for inevitable changes for a better future, leaving behind what has already been proved not to work.
For this reason, we propose some measures which face the inconsistencies of the institutional and economic system of the European Union, both for the most effective response to the emergency and for a medium-long run horizon.
La crisi innescata dal virus Covid-19 ha messo in risalto le debolezze strutturali della costruzione del progetto europeo. La portata storica di questo avvenimento ci pone davanti ad inevitabili cambiamenti che occorre governare e indirizzare con forza, cogliendo l’occasione di lasciarsi alle spalle ciò che già da prima aveva dimostrato di non funzionare.
Le proposte che avanziamo intendono far fronte alle carenze del sistema economico-istituzionale europeo sia per un’efficace gestione dell’emergenza sia per una sua trasformazione nel medio-lungo periodo.