From Moral Hazard to Moral Opportunity. A Dialogue on the COVID19 Crisis and the EU

By Maurizio Ferrera, László Andor, Bea Cantillon, Martin Seeleib-Kaiser and Frank Vandenbroucke

Maurizio Ferrera – The COVID-19 crisis has suddenly reopened the long-standing controversy over solidarity between countries within the EU. Like ten years ago, when the sovereign debt crisis broke out, today the challenge to be addressed is a pan-European emergency. Back then it was feared that financial contagion would expand from South to North. Today all countries are infected with coronavirus: the risk is common; no country is more “guilty” than the others.

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