Economy bigwigs rank airline bailouts last on virus recovery wishlist
(EurActiv, 5 May 2020) More than 200 of the world’s foremost economic experts spelled out their wishes for a post-coronavirus recovery on Tuesday (5 May), ranking airline bailouts last in order of climate-friendliness and long-term economic benefit.
According to a survey of 230 finance ministry officials, central bankers and economic experts, the most effective solutions to the economic hardships that will be caused by the virus outbreak will be those that also curb greenhouse gases.
The questionnaire – conducted by luminaries such as Joseph Stiglitz and Nicholas Stern – offered up 25 different economic policies, many of which were deployed in the wake of the 2008 financial crisis, and asked its respondents to rank them.
Replies came from figures such as OECD chief economist Laurence Boone, Bank of France deputy-governor Sylvie Goulard, Danny Alexander of the Asian Infrastructure Investment Bank and Sandra Eickmeier, a top official at Germany’s Bundesbank.