CMS Webinar/Debate: Who will pay for the Covid-related public deficits?

CMS Webinar/Debate: Who will pay for the Covid-related public deficits?

Tuesday, October 26, 2021
17:00 to 18:30

Price

Free

Member price

Free

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. How will we cope with this high public indebtedness?

Would it mean:

  • permanently low interest rates, with associated risks (financial bubbles, negative capital income for cautious savers,...)?
  • high inflation to deflate the real burden of the debt?
  • public debt restructuring?
  • some form of austerity, with lower outlays and higher taxes, including on pollution, on financial transactions, on corporations and/or on high income earners/high net worth individuals ?

Speakers Ivan Van de Cloot and Etienne de Callataÿ will debate these topics during a bilingual webinar, moderated by Christophe Deborsu on Tuesday 26 October at 17:00.
 
The debate is organised in the form of a webinar, but you can also come and watch it physically at the CMS offices.