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The pandemic does for Europe what the financial crisis couldn’t – Sydney Morning Herald
The EU’s announced $1.2 trillion stimulus plan in response to the coronavirus pandemic is a breakthrough for the divided eurozone.
The vision of a united Europe that underpins what the federalists within the bloc describe as the “European Project” has always been frustrated by the disparities between the economies and cultures of the members of the EU; most notably and starkly the divisions between the rich northern states like Germany, France and the Netherlands and their poor cousins in the south like Italy, Spain and Greece.
In principle, it represents a commitment to narrow the divergences within eurozone economies and…
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