An alternative option is to tolerate higher debts like Japan does

No levy: People sit on the bank of the Canal Saint-Martin in Paris, as France eases lockdown measures taken to curb the spread of Covid-19. French Finance Minister Bruno Le Maire says he doesn’t want to reapply the country’s levy on wealth. — AFP

LONDON: Europe’s leaders may be united on the need to throw money at economies during the coronavirus crisis, but they have yet to confront how to pay for it all.

That reckoning could force governments across the region into tough choices about where to lay the burden among voters already disillusioned with political establishments -- a decade after the global financial crisis presented them with previous bills to settle.