The Health and Economic Crises Require Coordinated Handling
The coronavirus pandemic, and the resulting severe economic disruptions, can only be effectively tackled with a European and global response. The degree of integration and interdependence between member states – economically, politically and socially – means that in dealing with the virus and its economic effects, the EU is only as strong as its weakest part. Governments have to devise a more forward-looking, collective response. Hesitation and the failure to tackle the problem collectively will increase the losses – in terms of lives, economic wellbeing, political stability and EU unity.
The entire text of Daniela Schwarzer, Director of the DGAP and Board Member of United Europe, and Shahin Vallée, former Economist for Soros Fund Management former economic advisor of Emmanuel Macron, among other things, can be read here.