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Fuest and Pisani-Ferry Favor Financing the EU via Emissions Trading (English, French and German versions)

The EU should receive a new source of funding in the form of revenue from the European emissions trading system (ETS), according to a proposal from Clemens Fuest, President of the ifo Institute and Speaker of the EconPol Europe research network, and Jean Pisani-Ferry, French economist and former Founding Director of the Bruegel think tank. Their joint paper was presented to the EU Economic and Financial Affairs Council (ECOFIN) in Berlin on 11 September.

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EconPol Europe World Economic Survey: Experts Predict Severe Global Recession, With No Growth Until 2021

A global survey of economic experts on the effects of the COVID-19 crisis reveals almost all countries expect a severe recession in 2020, with pre-crisis levels not expected to be reached before 2021. Of available policy options, emergency liquidity assistance to firms and temporary tax deferrals for businesses are deemed to be most effective.

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