Coronavirus live news: pandemic threatens future of eurozone; Spain extends state of emergency again
Donald Trump backtracks on threat to wind down Covid-19 taskforce; Germany launches ‘emergency brake’ to stop local flare-ups
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Coronavirus threatens eurozone’s future, Brussels warns. The eurozone faces an existential threat if the economic recoveries of its 19 member states are insufficiently even, the EU’s economic commissioner warns.
Some countries are expected to suffer significantly more than others during what is expected to be the deepest recession since the Great Depression. “Such divergence poses a threat to the single market and the euro area – yet it can be mitigated through decisive, joint European action,” Paolo Gentiloni says.
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