“Extending loans and providing equity: the EIB and national development banks must act now”, Matthias Thiemann and Peter Volberding (Sciences Po, France)

The European Union is at a pivotal moment. The debate over how solidarity should be organised to respond jointly to the coronavirus-induced economic crisis is in full swing—with the installation of the European unemployment scheme SURE, the use of the European Stability Mechanism, and a €25 billion credit guarantee to the European Investment Bank only the first steps. A European Recovery Fund, financed by EU budgetary means, is desperately needed.

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