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Coronavirus Widens Europe’s North-South Economic Divide

Most nations of Europe’s north are set to get well more rapidly from their medically induced economic comas than those in the south, exacerbating a divergence of fortunes in the eurozone and feeding political tensions about how to shell out for the fallout of the coronavirus pandemic. In the north, Germany has a lighter lockdown, […]

Most nations of Europe’s north are set to get well more rapidly from their medically induced economic comas than those in the south, exacerbating a divergence of fortunes in the eurozone and feeding political tensions about how to shell out for the fallout of the coronavirus pandemic.

In the north, Germany has a lighter lockdown, extra fiscal firepower, and entered the pandemic in superior economic shape. In the south, Italy has a even worse wellbeing disaster, a further economic standstill and large money owed that prevent aggressive stimulus.