This paper addresses the implications of the euro crisis, which turned from “a Greek mess” to a political, institutional, economic and confidence crisis of the European Union. In our view, the EU public sphere is relevant for the current debate surrounding the crisis because it represents...

We estimate the impact of the COVID-19 crisis on business failures among small and medium-size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost minimization and measure each firm’s liquidity shortfall during and...