The European Union on Thursday agreed a $546 billion coronavirus bailout. But rather than consolidate the political union amid the global pandemic, the bailout simply lays bare the EU’s great divisions.
For one, the bailout isn’t sufficient. The European Central Bank had advised a package three times the agreed-upon size. Something in the vein, that is, of the massive multitrillion-dollar bailouts authorized by the U.S. Congress. This represents the deep division that that defines the EU’s 27 different member states.
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