EU summit fails on corona bonds: the limits of solidarity
(WorldNews Spain)

The heads of state and government of the European Union meet via video conference | Photo: Ian Langsdon / ap The EU has failed to develop a common strategy against the impending collapse of the economy as a result of the corona crisis. At a video summit, Italy and Spain clashed with Germany and the Netherlands on Thursday evening. The dispute sparked on the so-called corona bonds – at its core, it’s about financial solidarity. Before the crisis summit, nine EU countries, including France and Italy, had already called for corona bonds to be introduced. These are common bonds that are issued specifically to combat the corona crisis. This would enable all...