Who pays for it? Europe’s response to Covid-19 crisis

Issued on: 04/05/2020 – 20:29Modified: 04/05/2020 – 20:28

Is it already too late for the EU to seize the initiative and prevent a repeat of the debt spiral triggered by the financial crisis in 2008? Former ECB president Jean-Claude Trichet and ex-Greek finance minister Yanis Varoufakis sharply disagree on whether there's still time for the European Union to reach consensus and fill the global leadership vacuum in the face of the coronavirus pandemic. Ann Pettifor, co-founder of Jubilee 2000, argues that the best way out of the crisis is to put citizens to work at decent wages.

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