Displaying items by tag: unlocking business

EU leaders met electronically on 23 April to begin tentatively to unlock the nations’ businesses as the immediate health crisis eases. Restarting Europe’s economy has led to divisive debates over grants: ultimately, how should the wealthier north help out the harder-hit south? The argument over solidarity has become a bitter one, with some favouring ‘coronabonds’ or ‘Eurobonds’ and others preferring grants or a 1.5 trillion recovery fund. Let us pray that all decisions made will successfully help those most in need. May the next steps include a huge increase in the EU budget, so that every member state overcomes the crisis together, leaving no nation behind carrying heavy unmanageable debts. Observers note that EU institutions have struggled to get leaders to put aside their national interests.