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Is the European Union going to help us overcome the COVID-19 crisis?

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Busch, Danny

European Banking Institute, Frankfurt am Main

EBI

2020

19 p.

epidemic disease ; economic recovery ; EU policy ; financial market ; environmental policy ; ECB

EU countries

European Banking Institute Working Paper Series

64

European Union

http://dx.doi.org/10.2139/ssrn.3591963

English

Bibliogr.

"This paper analyses and discusses the most noteworthy measures taken or yet to be taken by the European Union (EU) to combat the coronavirus crisis. The following categories of EU measures are discussed: (i) flexible application of EU rules that could hinder member states in their strenuous efforts to save their national economies; (ii) a financial support package put in place by the EU itself, (iii) monetary action by the European Central Bank (ECB) and (iv) action by European financial regulators, including the ECB (albeit in its capacity of banking regulator rather than monetary authority). This is followed by some comments on the impact of the coronavirus crisis on the intended completion of the European Banking Union, the plans for a European Capital Market Union, Brexit and the EU climate plans. The paper ends with some concluding observations."

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