Eu Council Apr20

POLICY COMPASS

EU Commission Bonds With Enhanced ESM Surveillance To Unblock The Impasse at EU Council

By Brunello Rosa and Nouriel Roubini

22 April 2020

In this paper we discuss:

• The economic impact COVID is having on Europe;
• The common policy response by the EU to Covid and why it needs to be increased;
• What are the positions of countries ahead of April EU Council summit;
• What are the domestic political constraints by EU leaders;
• Where a compromise acceptable for all could be found; and
• The market implications of all the above.

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