Coronavirus: North-South divide clouds key EU meeting
Wealthier countries like Germany are not yet digging deeper into their pockets to help out poorer nations like Italy and Spain.Italy remains the epicentre of the crisis in Europe, with the highest death toll - more than 17,000; next comes Spain, with nearly 14,000 deaths, Johns Hopkins University data shows.
Even the German tabloid Bild, that led the anti-Greece charge 10 years ago, is now calling for coronabonds. The situation today is more like a natural disaster then a crisis sparked by risky lending, the paper argues. Mr Le Maire wants a fund worth “several hundred billion euros” in joint borrowing to finance economic recovery.
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