Coronavirus is straining an already fractured EU
When EU finance ministers ended their crisis meeting this morning, they had spent 16 hours trying to establish what collective help, if any, they wish to offer to the countries most affected by the epidemic: Spain and Italy. They agreed on not a thing. Instead, the meeting broke up acrimoniously with Italy, Spain and France demanding that the European Central Bank issue ‘coronabonds’ to help finance economic recovery – while Germany, the Netherlands and others resisted. So we see the EU split along the same lines as did the 2008/09 crisis, and indeed along the same fault lines that have been growing ever wider over the past three decades. The