In a joint announcement on May 18, the two leaders stole the limelight from the European Commission, declaring their agreement on a far-reaching proposal for the…
- Jacob Funk Kirkegaard
- PIIE
It was another step in the “Hamiltonian moment” in Europe of “joint struggles addressed with joint expenditure” in the face of dire necessity.[1]
The plan calls for jointly funded debt to support the European pandemic recovery under the EU Treaty’s Article 122, covering “a…