EU on the brink: Italy warns coronavirus will bring single market to its knees

Allah's Willing Executioners

The European Union’s single market is on the brink of a dramatic collapse as the deadly coronavirus outbreak continues to grip the bloc, Italian prime minister has warned. Giuseppe Conte said European leaders will have to come together after the crisis to “rewrite” the rules of the EU’s flagship policy. He accused Brussels bureaucrats of leaving businesses and households at risk from financial meltdown by not sanctioning sufficient rescue measures. “The approved measures are not sufficient,” he told Italian daily newspaper Corriere Della Sera.

Damage will be serious and widespread. A true ‘reconstruction plan’ will be needed.

“After the coronavirus nothing will be as before, we will have to sit down and rewrite the rules of trade and the free market.”

Mr Conte has already unveiled an economic support package of £22.7 billion, with a cabinet meeting scheduled today to see if new measures can be approved.

The Italian leader…

View original post 295 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s