ECB’s Panetta: Europe needs a joint fiscal response

The new European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday, Europe needs a joint fiscal response.

Further comments

Asymmetric response to the virus risks political spillover.

Failure to act will amplify ultimate taxpayer costs.

Fiscal policy must push costs very far into the future.

• Thursday's EU summit will not take final decisions on financing coronavirus recovery fund – Reuters