The outbreak of the coronavirus has dramatically changed the economic situation in Europe. Over the past year, most Western countries have carried out the most significant financial interventions since World War II to limit the damage. The sharply increasing public debts and deficits have risen to an unprecedented peak. A European Recovery Fund of 750 billion Euros has been triggered to balance the effects on the economy. On top of this, Belgium was recently hit by devastating floods, which added to the debt burden.
During an animated debate organized by CMS on 26 October, Etienne de Callataÿ and Ivan Van de Cloot discussed the possible consequences of the sharply rising inflation and high debt resulting from the COVID-19 pandemic. The debate was moderated by Christophe Deborsu.
Watch to the recording of the debate below.
