Although the sudden stop imposed by COVID-19 is having far-reaching consequences for European Union economies, the EU’s policy response has already far surpassed its efforts to mitigate past crises.
- Sylvain Broyer
- Project Syndicate
Europe may not be out of the woods yet, but it is clearly on the right path.
PARIS – The COVID-19 pandemic has hit EU member states hard, and will continue to confront the bloc with significant economic challenges.
Yet, from a macroeconomic perspective, Europe’s policy response so far has been encouraging, because it includes strong incentives for sustainable growth, solidarity, and…