There has been a great deal of debate recently about the availability and desirability of various financial instruments to deal with the fallout from the Corona crisis.
The German newspaper ‘Süddeutsche Zeitung’ published an open letter by well-known artists about an initiative to issue Coronabonds in order to share the burden of the pandemic across the EU.
At the last Eurogroup meeting, Eurozone finance ministers agreed to set up a ‘Recovery Fund’ to help trigger an economic rebound once the lockdowns are over.
Periods of economic crisis are a breeding ground for all sorts of populist ideas, often ideas that had been discarded in the past due to their dire practical implications.
Although the COVID-19 pandemic is by no means over, in Spain we can already start to learn some lessons that will ensure the same mistakes are not made again if we are ever unfortunate enough to face a similar situation in the future.