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Anne-Laure Delatte While an end to the pandemic is not yet in sight, austerity is nonetheless making a discreet comeback in public debate. If fiscal orthodoxy could allow that states stood by an economy hampered by health restrictions, it affirms once more that newly-contracted sovereign debt would have to be repaid through cuts in pensions and public services, as well as tax increases for the vast majority of the population. Nothing would be more destructive. The deteriorating socio-economic outlook, the urgent need for reconstruction of public services and a green transition require the launch without delay of a major public-investment plan. Broadly speaking, states must develop ambitious responses to social and ecological needs, as well as to future pandemics and this course of action requires resources.

Polly toynbeeAnne laure delatte michel hussonMonnet raul sampognaroBenjamin lemoineEuropean central bankBanque de franceAnne laure delatteSocial europeஅன்னே கவரும் தேலத்தே மைக்கேல் ஹுஸன்பெஞ்சமின் லெமோயின்ஐரோப்பிய மைய வங்கிபாங்க் டி பிரான்ஸ்அன்னே கவரும் தேலத்தேசமூக யூரோப்