Once the health emergency of the COVID-19 pandemic is over, the European Central Bank (ECB) should pay money directly to citizens (without reimbursement) to respond to the looming economic recession, according to a new report by the NGO Positive Money Europe, published on Monday 30 March.
According to the document, such a practice, also known as ‘helicopter money’, would be the most effective and quickest way to revive economic activity by stimulating consumption once the COVID-19...