ECB President Christine Lagarde told French daily Le Parisien that EU leaders should not “get fixated on coronabonds”. There could be other forms of solidarity between European countries in figure the coronavirus crisis. Members could have joint spending from a shared budget. Or there could be a reconstruction fund to finance investments after the crisis.
Lagarde also told Italy’s Il Sole 24 Ore that European governments have to support each other to country the coronavirus shocks. Fiscal and monetary policies nee to be aligned. And, “if not all countries are taken care of, the others will also suffer… solidarity is in the interest of all.”
