Financial Times – “Recovery instrument shows what is possible”

Europe needs permanent tools to fight crises, Lucas Guttenberg argues in the Financial Times.

“Even if the debt instrument is not permanent, it will permanently alter the way we think about the instruments that Europe has at its disposal in a crisis,” Lucas Guttenberg comments the last-minute agreement on the next EU budget. A new approach to crises with fixed instruments is urgently needed, he adds. “We cannot build instruments that are new in each crisis.”

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