Autore : Massimo Bordignon, Guido Tabellini
Professor Bordignon and Professor Tabellini argue that the EU should be guided by the subsidiary principle when designing the common response to the new coronavirus. During this crisis, it means issuing very long-term debt. endowing the new EU Recovery Fund with genuinely own EU sources of revenue can be the right way to achieve such a goal.
This article was originally published by Voxeu.
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