The recession caused by COVID-19 could cost Europe as much as 10% of its GDP in 2020. There are few countries that can take a blow of that magnitude without getting into serious trouble. And as we have learned during the eurozone crisis, once a few big countries start to struggle, the entire Eurozone economy is at risk. The European Commission is preparing a recovery package – we’re campaigning to make sure it’s a sustainable recovery package – but the big question is how to finance the type of investment package needed to recover from such a momentous blow.
Source: transebvnews