Jan Pieter Krahnen, Jean Pisani-Ferry, Philippe Martin, Lucrezia Reichlin, Beatrice Weder di Mauro, 22 April 2021

The financial crisis of 2007-2012 was the first wake up call to the inadequacy of the euro area architecture when facing a large systemic crisis. This column explains why the Covid crisis will leave a deeper impact on the European policy system, and re-introduces the Vox debate on Europe’s economic architecture in the context of the transformations that we have witnessed over the past year. Contributions to the debate are welcome.

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