Paying for the pandemic

06 May, 2020

TSE economists weigh in on the role of the ECB and financial markets for the financing of the Covid debt in Europe.

Repudiation of the colossal corona debt, monetization of the debt, new taxes or international solidarity are the four possible ways to get Europe’s economy back on track, writes TSE founder Jean Tirole. The coming debt crisis is a reminder that the burden of shocks must be shared equitably, pitch in Christian Gollier and Stéphane Straub.