EU Business Risk Analysis
Coronavirus pandemic may have just saved EU
Without pandemic the imbalance within EU was leading to a breakup of EU. Pandemic recovery fund may just paste over existential cracks of the fundamental weakness evident in EU north south divide.
EU Business Risk Analysis
Spain and Italy are two particularly weak countries economically compared to northern members of European Union EU. Without the pandemic it is questionable that the northern EU countries would have helped out Spain and Italy with billions of euros in grants to dig themselves out of a hole they were already in prepandemic. Many investors would not have lent money to Spain and Italy so cheaply. Effectively the EU and the ECB will in 2021 pump money into southern EU countries.