What is the best way to absorb economic shocks? Private risk sharing or public risk sharing?

#TheECBblog argues that a combination of both is more effective in protecting European citizens against poor economic performance https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230329~ec0166ef99.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1641003895320084480