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Why Current EU Proposals for Corona-Related Financial Aid Cannot Replace Coronabonds

Author

Listed:
  • Sebastian Dullien

    (Macroeconomic Policy Institute (IMK))

  • Thomas Theobald
  • Silke Tober
  • Andrew Watt

Abstract

With public debt-to-GDP levels now set to surpass post-war records and Italy’s ratio approaching levels reached in Greece on the eve of the country’s debt restructuring in early 2012, fears of a return of the sovereign debt crisis have emerged.

Suggested Citation

  • Sebastian Dullien & Thomas Theobald & Silke Tober & Andrew Watt, 2020. "Why Current EU Proposals for Corona-Related Financial Aid Cannot Replace Coronabonds," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 152-155, May.
    • Handle: RePEc:spr:intere:v:55:y:2020:i:3:d:10.1007_s10272-020-0892-2
    DOI: 10.1007/s10272-020-0892-2
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    References listed on IDEAS

    as
    1. Gary Gorton, 2017. "The History and Economics of Safe Assets," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 547-586, September.
    2. Theobald, Thomas & Tober, Silke, 2020. "Euro area sovereign yield spreads as determinants of private sector borrowing costs," Economic Modelling, Elsevier, vol. 84(C), pages 27-37.
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    Cited by:

    1. Amélie Barbier-Gauchard & Meixing Dai & Claire Mainguy & Jamel Saadaoui & Moïse Sidiropoulos & Isabelle Terraz & Jamel Trabelsi, 2021. "Towards a more resilient European Union after the COVID-19 crisis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(2), pages 321-348, June.
    2. Amélie Barbier-Gauchard & Meixing Dai & Claire Mainguy & Jamel Saadaoui & Moïse Sidiropoulos & Isabelle Terraz & Jamel Trabelsi, 2020. "Towards a more resilient European Union after the COVID-19 crisis," Working Papers hal-03008144, HAL.

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