EU facing collapse: Coronavirus has accelerated bloc’s descent – eurozone on brink
THE plight of the eurozone now amounts to an “existential crisis” for the EU, exposing a “fundamental chasm” at the heart of the bloc, most notably between Germany and Italy, former Tory leader William Hague has said.
“To put it crudely, Italians will not work as productively as Germans, and Germans will not agree to pay off the debts of Italians.”
Mr Hague added: “Without this crisis, such a fundamental chasm in the foundations of the euro would have continued to be a troubling but not imminent problem. Now it has yawned wide open.”