Annulation de dette par la BCE: pourquoi le jeu n’en vaut pas la chandelle

Annulation de dette par la BCE: pourquoi le jeu n’en vaut pas la chandelle

Depuis le début de la crise Covid-19, un débat a émergé sur la possibilité d’annuler les dettes publiques détenues par les banques centrales. Bien que la proposition soit faisable techniquement, notre analyse stratégique révèle que les efforts nécessaires pour gagner de telles campagnes seraient très importants, alors que ses gains potentiels sont incertains et plus faibles qu’on ne le pense.

EU recovery fund: Big decisions, small stimulus

EU recovery fund: Big decisions, small stimulus

The recovery fund agreed between EU leaders on 21 July is a big step forward for the European Union’s structure. Unfortunately, it is still an insufficient contribution to the post-pandemic European financial system and the path towards a low-carbon economy. More innovative monetary policies by the European Central Bank will still be needed to complement the EU’s recovery fund in the future.

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