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Vaclav Klaus

Vaclav Klaus

1 commentaries

Vaclav Klaus is president of The Czech Republic, which holds the presidency of the Council of Ministers of the European Union until June 2009. He is the author of Blue Planet in Green Shackles – What Is Endangered: Climate or Freedom?

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  5. op_schauble6_YANNSCHREIBERAFPviaGettyImages_ecbcovid Yann Schreiber/AFP via Getty Images

    Are We Risking a Debt Pandemic?

    Wolfgang Schäuble

    Even in a crisis as grave as the COVID-19 pandemic, money is not a panacea, and borrowing makes sense only if it is carried out prudently and reasonably. Otherwise, states will jeopardize their long-term financial flexibility, price stability, and competitiveness.

     worries that monetization of pandemic-related government borrowing will boost inflation and erode competitiveness.
    3

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