The Economist -
The Economist
"The euro area is set for its deepest downturn and its sternest economic test yet. Some forecasters expect gdp to shrink by nearly a tenth in 2020. But as history is being made, it is also being repeated. Talks between Europe's politicians about the covid-19 crisis have descended into yet another ugly row over which countries gain and lose from a common currency. The acrimony has its roots in Europe's sovereign-debt crisis in 2010-12, when stricken southerners pleaded for solidarity and northerners refused to bail out what they saw as bad behaviour. ..."
"The euro area is set for its deepest downturn and its sternest economic test yet. Some forecasters expect gdp to shrink by nearly a tenth in 2020. But as history is being made, it is also being repeated. Talks between Europe's politicians about the covid-19 crisis have descended into yet another ugly row over which countries gain and lose from a common currency. The acrimony has its roots in Europe's sovereign-debt crisis in 2010-12, when ...
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