On March 31, Italian prime minister Giuseppe Conte used an interview on German TV to tell German citizens that in the corona crisis we are not writing an economics textbook, we are writing history. He insisted that Europe needs Coronabonds as an exceptional instrument to finance the measures required to tackle the pandemic together with the economic breakdown the pandemic is causing worldwide. While many prominent voices in Germany concur, the German government is determined to block this proposal. The following statement argues that this is would indeed be a historical mistake. As the text is a short-term intervention directed at a German audience, it is written in German. A related English text will be available later on.
Read Carlo Jaeger’s take HERE