As the global economy braces for an economic crisis almost unimaginable in scale, the 19 members of Europe’s single currency are once again wrangling over the issue of sharing debt burdens.
Germany and France have suggested a common debt instrument to help the European Union recover from the economic fallout of the COVID-19 pandemic. It's a risky move — but one that was necessary, says Bernd Riegert.
The EU has been criticized for its response to the COVID-19 crisis. In recent weeks, the bloc has been scrambling to come up with clear financial plans, but despite huge figures being mentioned, uncertainty remains.
EU states can soon apply for funding to help workers facing shorter hours during the coronavirus pandemic. European Commission President Ursula von der Leyen's SURE plan is intended to prevent large-scale layoffs.
The EU, Eurogroup and member states have put forward several proposals to deal with the economic cost of the novel coronavirus pandemic. But some are more controversial than others. DW examines the options on the table.
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