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Saturday, 18 April 2020

Just when Italy really needed some unity, the EU failed it – and continues to do so

Even faced with another great depression, wealthier EU countries are resisting action on debt that could ultimately keep the union together

Europe’s leaders are worried – and rightly so. The deadly impact of Covid-19 has resulted in a full-scale health crisis. Evidence of the economic consequences of trying to keep populations safe from coronavirus is starting to emerge. The political ramifications are only starting to be assessed – but they could be profound.

The European Union has found itself in some tight spots over the years, but always found a way of muddling through. It survived the financial crisis and will cope with Brexit. But this time things are a lot more serious.

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from The Guardian https://ift.tt/34KqSLx

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