The economic crisis caused by Covid-19 is on course to become more serious than the 2008 financial crisis. Eurozone member states face several challenges in order to stabilize the economy, not least the short-term financial aid required during the shutdown and the subsequent support needed to get the economy back on its feet. The Eurozone has little room for manoeuvre with the limitations of monetary policy and high levels of national debt. It’s crucial to ensure that added value is created by policy at a European level, with a robust infrastructure to ensure no member state is left behind.
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