Intellectuals warn of 'chaos' if EU can't find solidarity

Image
AP Warsaw
Last Updated : Apr 08 2020 | 7:52 PM IST

More than 200 European intellectuals, artists and politicians have signed an open letter to European Union leaders urging them to take swift action to ease the economic pain of the pandemic crisis, warning that failure could trigger chaos and authoritarianism.

It is not only thousands of Europeans infected with the coronavirus that need to be saved today. There is another patient at risk of death European values, the letter says.

The appeal was written by a group of Polish economists and other academics, and has been signed by Nobel-winning author Olga Tokarczuk and director Agnieszka Holland. Later signatories include Italian historian Carlo Ginzburg, Spanish writer Fernando Savater and Dutch cultural theorist Mieke Bal. U.S. economist Jeffrey Sachs has endorsed it, writing a message of support.

By Wednesday, over 220 prominent intellectuals and politicians had signed the document addressed to David Sassoli, president of the European Parliament, Charles Michel, president of the European Council and Ursula von der Leyen, the president of the European Commission.

The letter said the sheer magnitude of the coronavirus crisis means that "the solutions adopted to combat it will determine the future of liberal democracy, the economy and European integration.

The letter argued that the EU's response to the 2008 financial crisis was unsatisfactory, and called that "a mistake whose grave consequences we are still suffering. It urged the EU to transfer money to all EU citizens and provide subsidies for businesses, especially for more vulnerable small and medium-sized businesses.

It also called for the issuance of European bonds to fund public health as a mechanism that would build solidarity, and greater funding for research on COVID-19 and the search for a vaccine.

Some nations have so far resisted the idea of shared borrowing to cover the heavy cost of managing the crisis, suggesting that even now there are limits to solidarity.

Crisis is a time for making choices. On the one hand, it may lead us to the fall of the European Union and a slipping into chaos and authoritarianism," the letter said. "On the other, however, it can be a chance to renew the social agreement between Europe and its citizens.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 08 2020 | 7:52 PM IST

Next Story