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As outbreak blows up finances, a limit to EU solidarity
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BRUSSELS – The European Union is taking unprecedented action to help member countries endure the massive economic shock of the virus outbreak, but some nations are resisting the idea of shared borrowing to cover the heavy costs - suggesting that even during this crisis there are limits to solidarity in a bloc that is trying to reaffirm itself after Brexit.
As governments scramble to put together hundreds of billions of euros (dollars) to save lives as well as companies and families from going bankrupt, many of the worst-hit countries in Europe are also those that can least afford the costs, like Italy.
The EU's executive has temporarily set aside its strict rules on spending to give governments the leeway they need to keep their economies
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COVID-19
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India
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