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Coronabonds are a pragmatic response to a crisis – and are not about cross-EU transfers or solidarity

Paetz, Michael and Kaczmarczyk, Patrick (2020) Coronabonds are a pragmatic response to a crisis – and are not about cross-EU transfers or solidarity. LSE European Politics and Policy (EUROPP) blog (09 Apr 2020). Blog Entry.

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Abstract

Common debt instruments created by the European Union, of which coronabonds are currently the most urgent and salient example, evoke in some countries the fear that the Eurozone may be heading towards a ‘transfer union’. Some advocates also misleadingly justify these innovations by an appeal to European ‘solidarity’. Yet, in practice, Michael Paetz and Patrick Kaczmarczyk argue that such instruments require only a dose of pragmatism. We need to fundamentally reframe the debate around ‘debt mutualisation’ in Europe on more evidence-based and realistic lines if the Eurozone is to survive.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/europpblog/
Additional Information: © 2020 The Authors
Divisions: LSE
Subjects: J Political Science > JN Political institutions (Europe)
H Social Sciences > HJ Public Finance
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 25 Jun 2020 14:06
Last Modified: 03 Aug 2020 23:10
URI: http://eprints.lse.ac.uk/id/eprint/105204

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