Wednesday, March 18, 2020

Will Coronavirus Kill the European Union?

Very recommendable! ITalexit next?

"Italy possesses the continent’s fourth largest economy; the $2.1 trillion GDP is larger than Russia’s, beyond the EU’s ability to bail out. Italy could crash out of the Euro and bring down banks across the continent."

"Europe’s failure to act offered him [Matteo Silvani] another cause celebre. Complained Salvini: “Italy needed help and it has been given a slap in the face.”"

Will Coronavirus Kill the European Union? | Cato Institute: Crises always create unintended consequences. The biggest one from the spreading coronavirus could be a substantial weakening of central European authority.

No comments: