Corona time

A paper by Christian Odendahl of the Centre for European Reform, Sebastian Grund of Harvard Law School and Lucas Guttenberg of the Jacques Delors Centre suggests the European Commission could raise 440 billion euros in 30-year bonds to fund the collective costs of fighting coronavirus. Crucially, however, the money would be granted to member states rather than lent. Responsibility for repaying the bonds would be divided between EU members according to the relative size of their economies in 2050, allowing the strong to support the weak.