Ross Clark

Spain and Italy have been abandoned by the EU

Spain and Italy have been abandoned by the EU

If ever there was a time for the EU to show the benefit of belonging to an economic bloc with coherent cross-border cooperation you would think it would be now. But that is not quite how things are working out. On the contrary, the EU has erupted into open warfare between north and south. The rifts caused by the 2008/09 financial crisis have been torn open again, with Italy and Spain desperately pleading for help from a reluctant Germany and other northern countries. If anyone thought harmony would reign once troublesome Britain was out of the EU, there was not much evidence of it at a virtual summit held last week to discuss the coronavirus crisis. Italy and Spain pleaded for an EU ‘Marshall Plan’ to lift their already flagging economies, which have never fully recovered from the sovereign debt crisis which followed the last recession.

Ross Clark

Spain and Italy have been abandoned by the EU

Spain and Italy have been abandoned by the EU

If ever there was a time for the EU to show the benefit of belonging to an economic bloc with coherent cross-border cooperation you would think it would be now. But that is not quite how things are working out. On the contrary, the EU has erupted into open warfare between north and south. The rifts caused by the 2008/09 financial crisis have been torn open again, with Italy and Spain desperately pleading for help from a reluctant Germany and other northern countries. If anyone thought harmony would reign once troublesome Britain was out of the EU, there was not much evidence of it at a virtual summit held last week to discuss the coronavirus crisis. Italy and Spain pleaded for an EU ‘Marshall Plan’ to lift their already flagging economies, which have never fully recovered from the sovereign debt crisis which followed the last recession.

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