Covid19 / The EU will need a common fiscal policy
“Regards the coronavirus crisis, the EU’s response has been ‘standard’ ,” Carlo Altomonte, professor of European economic policy at Bocconi, explains in this video. "On the one hand, the ECB has yes mobilized all the tools at its disposal, but they have been poorly communicated. On the other hand, the member states said they wanted to do everything possible, but then left it up to the individual states to act for themselves". Which, the professor continues, "is fine during the emergency, but not in the long term. In the long run, we will need to bring money to families and businesses and to do so we will need a common European fiscal policy".