Financing will be key to rapidly reversing the global economic downturn. What should be done to ensure that fiscal stimuli contribute to sustainable economic development and reach those parts of economy which are most in need, rather than end up in the speculative financial markets? The European Union, for example, is leveraging the recovery from the pandemic in such a way as to advance its green political agenda. Other countries prefer to focus on infrastructure investments or to support specific business sectors such as healthcare. What can we learn from the economic recovery in the wake of the 2008 crisis in order to avoid repeating the mistakes of the past?