Op-Ed: “European Solidarity Requires EU Taxes”

Just before Easter the ministers of finance of the European Union reached an agreement on a package of 540 billion euros to fight the Corona-crisis. The victory by the Union of this umpteenth crisis was not a reason for joy or jubilation. Fortunately the deal made money available for the most immediate needs of the health crisis and its economic consequences. But the question of how to rebuild the economy of the Union and the member states in the long run remained unresolved. If nothing changes, the only prospect is that some time down the road there will be another hair raising crisis, in which the Union may muddle through or may be destroyed. The bets are open. Within one decade we have lived a euro-crisis and a Corona-crisis, and many