Publication: Covid19: contención y reconstrucción. Implicaciones para la eurozona
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2020-04-14
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Instituto Complutense de Estudios Internacionales (ICEI)
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Las necesidades de recursos asociados a la crisis del Covid19 en la eurozona permiten diferenciar dos fases. Una primera, centrada en una rápida transferencia corriente a familias y empresas afectadas por las medidas de contención, sobre lo que cabe proponer una acción rápida para mitigar los efectos inmediatos de las medidas de contención: una mutualización de la deuda a través de los mecanismos existentes, sin necesidad de negociaciones políticas ni transferencia de rentas. El mecanismo consistiría en emisiones extraordinarias de eurobonos de los países afectados y la compra por parte del ESM. Este mecanismo tendría externalidades positivas para la detención de la pandemia. En segundo lugar, para la fase de reconstrucción se propone aquí una sistematización de las medidas que pueden ser tomadas en el marco legal de la UE. Al contrario de lo que se está reclamando, no se prevé un plan de inversión europeo. Pero esto no tiene por qué significar algo negativo, siempre que haya planes de reconstrucción nacionales y modificaciones en el marco europeo que lo permitan.
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