Press
Merkel's crisis stimulus is already seeping into the grateful German economy
12 April 2020
Independent (Ireland)
"It seems surprising how quickly the German government is responding, but at the same time it's completely in line with what it has professed for years about maintaining fiscal prudence in good times in order to spend when it's needed," said Christian Odendahl, chief economist for the London-based Centre for European Reform.
Las dos fases económicas del coronavirus
09 April 2020
ES Global
Las autoridades europeas deben contrarrestar los enormes costes de la contención del virus y, al mismo tiempo, mantener una deuda sostenible en todos los Estados miembros de la eurozona.
CER podcast: The EU, the US and China: Irresponsible stakeholders in the global order?
08 April 2020
The EU, the US and China are the most important economic blocs in the world. But trade, political and security relations between them are becoming dangerously tense. Can the EU calm things down?
EU pledges billions to 'partner countries' but unable to agree on pandemic support for its own members
08 April 2020
CNS News
“The EU’s initial belated and chaotic response and its failure to coordinate has weakened its reputation and provided fertile ground for euroskeptics,” said Agata Gostynska-Jakubowska, a senior research fellow at the Centre for European Reform.
Euroamor en tiempos de pandemia
08 April 2020
ES Global
Ian Bond, director de Política Exterior en el Centre for European Reform, cree que es un ejemplo perfecto de cómo las “políticas impulsivas” nacionales tienen consecuencias negativas para todos: “La gente que intentaba volver a sus respectivos países quedó atrapada, se interrumpieron las cadenas de suministro, incluso de bienes esenciales, y nos encontramos con filas interminables de camiones sin que todo eso impidiera la propagación de la enfermedad”.
The EU's latest existential crisis might be its biggest one yet
07 April 2020
Bloomberg Quint
“The EU’s initial belated and chaotic response and its failure to coordinate has weakened its reputation and provided fertile ground for euroskeptics,” said Agata Gostynska-Jakubowska, senior research fellow at the Centre for European Reform in Brussels. “This shock is of a more symmetric nature and can hit the north and south equally. So the question is whether this makes the north more open to risk-sharing.”
Les coronabonds fissurent le consensus allemand
07 April 2020
Liberation
Pour beaucoup de raisons, donc, l’Allemagne devrait opposer un «non, mais» aux coronabonds. «A ce stade, Berlin veut que l’Europe explore les options que les institutions actuelles offrent déjà, explique Christian Odendahl, économiste en chef pour le think tank Centre for European reform. Ils vont dire en substance : "Oui, nous vous avons entendus, mais utilisons d’abord nos institutions".
Corona time
07 April 2020
Reuters
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.
A plan of action
06 April 2020
Financial Times
Lucas Guttenberg, Christian Odendahl and Sebastian Grund have devised a plan for a Pandemic Solidarity Instrument that aims to avoid the obvious political pitfalls of debt mutualisation but still provide a €440bn bazooka for the EU to spend on the healthcare systems and labour markets the need it the most.
Nicht alte Vorurteile, sondern ökonomische Vernunft sollte die Krisenbekämpfung leiten
06 April 2020
Handelsblatt
Dass es auch schneller gehen kann, zeigt allerdings die Idee des von den drei deutschen Ökonomen Christian Odendahl, Sebastian Grund und Lucas Guttenberg entwickelten „Pandemic Solidarity Instrument“: einer gemeinsamen, einmaligen und begrenzten Krisenanleihe, die von allen EU-Ländern garantiert würde und mit dem EU-Recht und ohne neue Institutionen machbar wäre.
Hilfe für Italien und Spanien ist gut investiert
06 April 2020
Capital.de
Die Krise droht Italien und Spanien in die Insolvenz zu stürzen. Da sind Coronabonds allemal besser - auch für die politische Einheit Europas. Ein Selbstgespräch des Ökonomen Christian Odendahl.
As Italy teeters, EU wrestles with crisis that could tear it apart
05 April 2020
Brisbane Times
"Those countries that did not respond may have been worried they were about to be hit themselves, but the optics were absolutely atrocious and made even worse by the fact at the same time, China and Russia were taking advantage and sending medical teams and medical treatments," says Luigi Scazzieri, a research fellow at the Centre for European Reform.
Sharing the fiscal burden of the crisis: A Pandemic Solidarity Instrument for the EU
05 April 2020
VoxEU
To ensure that all EU countries can do what is necessary to fight the economic fallout of the pandemic, the fiscal costs of this crisis must be shared.
Der Anti-Boris
05 April 2020
Die Welt
„Nach Corona wird es aber ohnehin schwer, eine Politik links von Johnson zu machen“, gibt Charles Grant, Chef des Centre for European Reform, zu bedenken.
The EU needs to counter Italy's coronavirus-induced Euroscepticism
03 April 2020
Prospect
The coronavirus crisis may be unprecedented in living memory, but for many Italians the EU’s reaction has been no surprise.
BBC News: The EU's response to the coronavirus
02 April 2020
“This €100 billion [proposed EU coronavirus jobless scheme] strikes me as rather small given the number of unemployed that are expected in light of the huge economic shock facing not only Italy but the eurozone as a whole”.
EU fiscal response to cornavirus pandemic taking shape after shaky start
02 April 2020
RTE News
"The way other member-states initially responded to Italy’s coronavirus plight has shaped the narrative of the crisis," says Luigi Scazzieri, of the Centre for European Reform (CER).
The EU can emerge stronger from the coronavirus crisis
01 April 2020
Encompass
The coronavirus pandemic has become a stress test for the European project.
EU countries step up ‘solidarity’ in fightback against critics
31 March 2020
Financial Times
Agata Gostyńska-Jakubowska, from the Centre for European Reform think-tank, said the EU needed to make up for an initial “chaotic and unco-ordinated” pandemic response in which some member states “showed a lack of solidarity with Italy”, Europe’s worst-affected country.
EU leaders enter a virtual, parallel reality
27 March 2020
Financial Times
Christian Odendahl and John Springford and the Centre for European Reform want governments to avoid the economic mistakes of 2008 by stimulating the “economy once the containment phase is lifted”.