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Europe’s Good Crisis

18 8 10
07.07.2020

BRUSSELS – A few months ago, the COVID-19 pandemic, coupled with the economic and financial crisis it has caused, looked like it might break the European Union. Member states had closed their national borders and rejected all coordination, with some even halting the export of urgently needed medical equipment to their EU partners. Today, however, internal EU borders have been re-opened, medical equipment is moving freely, and member countries have agreed on unprecedented measures to deal with the pandemic’s economic fallout. What accounts for this remarkable turnaround?

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    ........

    © Project Syndicate