The EU Fiscal, Economic and Monetary Policy Response to the COVID-19 Crisis

EU Law Live, Weekend Edition No 11, pp. 7-14

6 Pages Posted: 31 Mar 2020

See all articles by Paul Dermine

Paul Dermine

Maastricht University, Faculty of Law

Menelaos Markakis

Erasmus University Rotterdam (EUR) - Erasmus School of Law

Date Written: March 28, 2020

Abstract

In this contribution, we assess the main measures, already taken or currently contemplated by the EU, in reaction to the COVID-19 crisis to mitigate its impact on Eurozone economies. The discussion begins with the recent monetary policy decisions taken by the ECB (1). The focus then shifts to the strategy deployed on the economic and fiscal side. We analyze (2) the coordination of national fiscal responses and their accommodation under the rules of the Stability and Growth Pact, (3) the role of the European Stability Mechanism, and (4) joint debt instruments.

Suggested Citation

Dermine, Paul and Markakis, Menelaos, The EU Fiscal, Economic and Monetary Policy Response to the COVID-19 Crisis (March 28, 2020). EU Law Live, Weekend Edition No 11, pp. 7-14, Available at SSRN: https://ssrn.com/abstract=3563299 or http://dx.doi.org/10.2139/ssrn.3563299

Paul Dermine

Maastricht University, Faculty of Law ( email )

Maastricht
Netherlands
+32 479 029959 (Phone)

Menelaos Markakis (Contact Author)

Erasmus University Rotterdam (EUR) - Erasmus School of Law ( email )

3000 DR Rotterdam
Netherlands

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