Is coronavirus the EU's defining moment?

Business Daily

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Is coronavirus the EU's defining moment?

Business Daily

The coronavirus epidemic has wreaked economic destruction across Europe but now the European Union has unveiled an ambitious recovery plan. It will involve all 27 member states working together as one like never before with a 750 billion euro plan to help the worst hit countries, funded by collective debt. Is this the defining moment for the EU that some are claiming? Former Italian PM Enrico Letta thinks that it's a turning point for the EU, but Northern neighbours in Sweden and the Netherlands urge caution. MEP Derk Jan Eppink calls it a 'coup', whilst Sweden's European Affairs Minister, Hans Dahlgren insists that money needs to be paid back. Manuela Saragosa presents. (Image: Ursula von der Leyen, Credit: Reuters)
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The coronavirus epidemic has wreaked economic destruction across Europe but now the European Union has unveiled an ambitious recovery plan. It will involve all 27 member states working together as one like never before with a 750 billion euro plan to help the worst hit countries, funded by collective debt. Is this the defining moment for the EU that some are claiming? Former Italian PM Enrico Letta thinks that it's a turning point for the EU, but Northern neighbours in Sweden and the Netherlands urge caution. MEP Derk Jan Eppink calls it a 'coup', whilst Sweden's European Affairs Minister, Hans Dahlgren insists that money needs to be paid back. Manuela Saragosa presents. (Image: Ursula von der Leyen, Credit: Reuters)
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