Elena Carletti, Marco Pagano, Lorina Pelizzon, and Marti Subrahmanyam
Various proposals have recently been put forward to funnel liquidity to businesses before they are forced to lay off employees, cancel their supplies, and eventually close their doors. This column calls for coordinated intervention at the European level, through the creation of a pan-European equity fund, financed by the European Investment Bank, which would underwrite the issue of new equity capital in companies across Europe.
