Bonding over coronabonds? How the financial question divides Europe


Manage episode 257752941 series 41508
By Mark Leonard's World in 30 Minutes. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The EU members states have been caught up in a heated discussion on possible European ‘coronabonds’, a joint debt assistance by the Union to help those countries hit by the virus particularly hard. Soon enough, the discussion seemed to produce little of substance and rather to ignite previously existing divides between the member states in regard to a common fiscal policy and mutualisation of debt. In this unprecedented crisis, in which solidarity should be more than ever the Union’s raison d’être, what is the correct course of action? And, should a final solution not be met, what is at stake for Europe? Host Mark Leonard is joined by Guntram Wolff, Director of Bruegel, Jose Ignacio Torreblanca, and Jonathan Hackenbroich to break down the situation and a possible way forward. This podcast was recorded on 1 April 2020. Bookshelf: Love in the time of cholera by Gabriel Garcia Marquez Radical Uncertainty: Decision-making for an Unknowable Future by Mervyn King and John Kay

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