Ahead of a crucial meeting of the Eurogroup, CEC European Managers has sent today a letter to the Presidents of the European Commission, European Parliament, European Council, Eurogroup and the European Central Bank to express its view on the Covid_19 crisis.
After recognizing the capacity of EU institutions to provide concrete responses in the immediateness of the health emergency, CEC stressed how dealing with the economic consequences of the crisis will require bold actions from both Europe and its Member States. Any intervention will have to be based on the assumptions that no country can face the consequences of the crisis by itself and that financial solidarity must be part of the solution.
Additionally, CEC pointed out the importance that such measures support the recovery in a sustainable way, with the help of social partners as actors of the economic activity. Finally, a reference to how the post-crisis phase will have to be handled. In this respect, President Ramme said: “When the moment of reconstruction comes, good and strong leadership, based on the capacity to look beyond, anticipate future scenarios and imagine policy responses accordingly will be crucial. The values of competence, responsibility, foresight and perspective-thinking – values that identify managers – will be highly needed. European managers will be there, ready to play their role in this historical challenge”.