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A moment of truth for the EU: A crunch meeting of EU leaders today aims to show Italy solidarity against coronavirus

A moment of truth for the EU: A crunch meeting of EU leaders today aims to show Italy solidarity against coronavirus

FromBusiness Daily


A moment of truth for the EU: A crunch meeting of EU leaders today aims to show Italy solidarity against coronavirus

FromBusiness Daily

ratings:
Length:
19 minutes
Released:
Apr 23, 2020
Format:
Podcast Episode

Description

A crunch meeting of EU leaders today aims to finally show Italy and others solidarity in the struggle against coronavirus.

A plan is gaining momentum for the European Commission to raise a trillion-plus-euro fund to invest in the recovery of the European economy, something that could mark a major step towards federalism if it succeeds, but many fear could trigger the unravelling of the European project if it fails to win approval.

Manuela Saragosa, herself half-Dutch and half-Italian, asks whether the plan can bridge the bitter divide between her two parent nations over how to handle the crisis. Dutch economist Esther Rijswijk says the Netherlands won't want to hand over money without conditions attached, but Italian MP Lorenzo Fioramonti says the very word "conditions" has become a taboo in an increasingly angry and euro-sceptical Italy.

Meanwhile, one of the plan's co-authors, former Belgian Prime Minister Guy Verhofstadt, explains why he thinks he's come up with a solution that avoids the usual messy EU fudge.

(Picture: EU flag containing viruses instead of stars; Credit: muchomor/Getty Images)
Released:
Apr 23, 2020
Format:
Podcast Episode