COVID-19: Lessons from the ‘euro crisis’. EPC Discussion Paper 16 April 2020

The coronavirus is an unprecedented external shock that is challenging the EU and its member states. The crisis is fundamental, posing a dramatic threat to public health and the life of citizens. Everyone is affected by the imposition of restrictive measures aiming to contain the spread of the virus. Efforts to flatten the curve have severely hit our economies and will require unparalleled monetary and fiscal measures by central banks and governments