Bloomberg - Europe needs fresh money, not alchemy

Economic recovery of the EU requires real money from the member states, not mathematical tricks by the Commission, Lucas Guttenberg is quoted on Bloomberg.

Financial aid for struggling EU member states in the Corona crisis helps only when real, Lucas Guttenberg argues in a recent Bloomberg article. He urges the EU commission to refrain from financial tricks that make the sum at play seem larger than it actually is. “If member states are not willing to either put in substantially higher contributions or to let the EU borrow massive amounts in the markets, all the financial alchemy in the world will not suffice to ensure a full recovery”, Guttenberg is quoted.

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