Alberto Alesina and Francesco Giavazzi
Italy today is on the front line of the COVID-19 epidemic. The first policy priority is to expand hospital capacity. For the implied economic shock, this is the time for the EU to support Italy in every possible way, reassuring markets by saying that Italy will not be left on its own, as Ursula von der Leyen has said. More generally, EU institutions need to act at their best and fast.
