‘All in all, the coronavirus crisis is probably the biggest challenge for the global economy since World War II. To borrow a phrase from the former ECB head Mario Draghi, the decisive factor is a ‘whatever it takes’ fiscal policy. The good news is that there are no financial restrictions on large countries in this regard.’
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About Peter Bofinger
Peter Bofinger is professor of economics at Würzburg University and a former member of the German Council of Economic Experts.