Let’s skip to the end of the public health part of the Covid-19 crisis. Imagine the first of September, 2020 as a likely date. Current modeling suggests the virus will peak during the early summer. Restrictions may not ease for some weeks after that. It will be a terrible summer for many, but it will end. The autumn will come. Then what? Whatever political shape it takes, the new government will be in place and will have spent the guts of €10 billion – 5% of national income – supporting our society through the summer. The second-order effects of the…
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