For instance, the number of respondents to the Census Household Pulse Survey indicating they were not working due to either being sick with COVID or caring for someone sick with COVID more than doubled between late July and early September, returning to levels seen early this year.
Deep and well-integrated cross-border funding would improve the private sector’s capacity to absorb local shocks, reducing the burden on fiscal policies. Here as well, renewed ambition is needed. Revamping the CMU agenda can play an important role in adapting the EU’s financial architecture in view of Brexit.