Regling: The time for European solidarity is now

In this commentary for Kathimerini newspaper, the European Stability Mechanism's Managing Director Klaus Regling calls for a concerted European financial response to the coronavirus crisis:
The coronavirus pandemic is a global shock hitting all European economies. Europe is facing the worst health crisis since the Spanish flu a century ago. As a result, Europe's economies will suffer much more damage than initially expected. This requires a concerted and well-coordinated policy response, at both the national and the European level, to limit economic damage, to preserve financial stability and to prepare for the economic recovery once the health crisis is under control. The seriousness of the medical situation as well as the extent of the expected economic and social damage urgently requires European solidarity now.

European Union governments have announced and started...