Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough
Abstract On 9 April 2020, the euro area finance ministers agreed on credit lines with the European Stability Mechanism (ESM) to counter the corona crisis. The ESM loans are estimated at 200 billion euros. However, this figure is misleading. Only a few states would benefit at all over a 10-year gover...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-05-01
|
| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2650-2 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832573862188941312 |
|---|---|
| author | Hans-Bernd Schäfer |
| author_facet | Hans-Bernd Schäfer |
| author_sort | Hans-Bernd Schäfer |
| collection | DOAJ |
| description | Abstract On 9 April 2020, the euro area finance ministers agreed on credit lines with the European Stability Mechanism (ESM) to counter the corona crisis. The ESM loans are estimated at 200 billion euros. However, this figure is misleading. Only a few states would benefit at all over a 10-year government bond in their own country. Moreover, the scope of ESM loans is limited. |
| format | Article |
| id | doaj-art-d23f2120a0d7480dafa3170c48cb6fd2 |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2020-05-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-d23f2120a0d7480dafa3170c48cb6fd22025-02-02T02:36:27ZdeuSciendoWirtschaftsdienst0043-62751613-978X2020-05-01100535135510.1007/s10273-020-2650-2Loans From the European Stability Mechanism to Combat the Corona Crisis are Not EnoughHans-Bernd Schäfer0Bucerius Law School HamburgAbstract On 9 April 2020, the euro area finance ministers agreed on credit lines with the European Stability Mechanism (ESM) to counter the corona crisis. The ESM loans are estimated at 200 billion euros. However, this figure is misleading. Only a few states would benefit at all over a 10-year government bond in their own country. Moreover, the scope of ESM loans is limited.https://doi.org/10.1007/s10273-020-2650-2 |
| spellingShingle | Hans-Bernd Schäfer Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough Wirtschaftsdienst |
| title | Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough |
| title_full | Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough |
| title_fullStr | Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough |
| title_full_unstemmed | Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough |
| title_short | Loans From the European Stability Mechanism to Combat the Corona Crisis are Not Enough |
| title_sort | loans from the european stability mechanism to combat the corona crisis are not enough |
| url | https://doi.org/10.1007/s10273-020-2650-2 |
| work_keys_str_mv | AT hansberndschafer loansfromtheeuropeanstabilitymechanismtocombatthecoronacrisisarenotenough |