The economist is sorting out - so will the EU's corona fund

To get the economy of the Union back on its feet after the corona pandemic, a total of SEK 7600 billion will be invested in an EU-common recovery fund.

The payments must largely be paid for with borrowed money.

The economist John Hassler believes that the money must be put in proportion to the fact that the EU has just over half a billion inhabitants.

- Per Swedish citizen, we will borrow approximately SEK 20,000, that is Sweden's share.

Then you realize that it is not really huge money, he says.

Sees risks

However, he sees dangers in the introduction of the EU fund.

- If you have done this once, maybe you do it another time, and then it may be that we borrow more than what the economy can actually handle, says John Hassler.

He believes that, combined with the fact that responsibility is shared between all EU countries, there is reason to be concerned about the development.

- Each country should perhaps take its own responsibility.

Now we have broken through that dike.