Coronavirus Reveals Cracks in European Unity
... continues to compound this feeling, with ECB’s Christine Lagarde implying that it isn’t the ECB’s responsibility to help Italy. Her comment on how it was not her job to “close the spreads” between 10-year German and Italian bonds caused the largest ... ... Toward New Forms of Social Organisation? A more historic example of discrepancy in unity was the preferential treatment of the United Kingdom in terms of their financial contributions to the EU budget. The so-called “UK Rebate,” active from 1985 to ...