Covid-19 has given rise to a heated debate within the EU over debt mutualisation. Drawing lessons from the creation of Airbus, Daniele Archibugi argues the EU would be better served by focusing on how member states could pool their resources to create new companies capable of competing in emerging sectors. If the European Union is truly aiming at reconstruction, it would be better to quarrel less over the various forms of debt (be they the European Stability Mechanism or the Eurobonds) needed to increase liquidity, and instead think about investment plans.
Covid-19 has given rise to a heated debate within the EU over debt mutualisation. Drawing lessons from the creation of Airbus, Daniele Archibugi argues the EU would be better served by focusing on how member states could pool their resources to create new companies capable of competing in emerging sectors. If the European Union is truly aiming at reconstruction, it would be better to quarrel less over the various forms of debt (be they the European Stability Mechanism or the Eurobonds) needed to increase liquidity, and instead think about investment plans.
The Airbus lesson: How new companies can be generated to aid Europe's post-Covid reconstruction
Daniele Archibugi
2020
Abstract
Covid-19 has given rise to a heated debate within the EU over debt mutualisation. Drawing lessons from the creation of Airbus, Daniele Archibugi argues the EU would be better served by focusing on how member states could pool their resources to create new companies capable of competing in emerging sectors. If the European Union is truly aiming at reconstruction, it would be better to quarrel less over the various forms of debt (be they the European Stability Mechanism or the Eurobonds) needed to increase liquidity, and instead think about investment plans.| File | Dimensione | Formato | |
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Descrizione: The Airbus lesson: How new companies can be generated to aid Europe's post-Covid reconstruction
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