Coronavirus has forced Europe to think the financial crisis of 2008

Pandemic COVID-19 very serious blow to the European economy. The consequences can be even more serious than the financial crisis of 2008-2009 On what to do European countries, writes the German newspaper Die Zeit.

On 7 April in Brussels attended by Finance Ministers of the member countries of the European Union. They discuss the coordination of the emergency assistance program, the size of which is unprecedented for non-military time, 3% of the GDP of the whole EU. In addition, the heads of financial institutions agree to guarantee liquidity in the amount of 18% of air force of the European Union, as well as opening credit lines of the European stability mechanism of 2% of EU GDP.
However, the position of the European States in the assessment of the proposed measures to combat the impact of the pandemic is not one. Now there are two poles. On one – Germany, Austria, the Netherlands, on the other Italy and Spain, and France. Of course, everyone in the EU know that the economic crisis of 2020 is European. Therefore, comparing it with the events of 2008-2009, Then the European Union helped the "left behind" Greece and several other countries, to protect from collapse the entire Euro zone. The European stability mechanism gave Greece the necessary credits, but at the same time the policy of the Greek government was to observe a special Commission.

It is Clear that in southern Europe such measures as the monitoring of the economies of southern European countries, considered humiliating. The initiators of observation – the more prosperous countries for which the crisis is not so noticeable. Of course, in the same Germany again wondered why the Germans should pay the debt of Italy, if the German government could not control financial and economic policy of this country?
Now, in Germany, the Netherlands and several other countries are quite skeptical of the idea of providing financial assistance to the States of southern Europe. In particular, criticism of the French proposal to create a special Fund which would accumulate the funds to overcome the consequences of the crisis.
In turn, the Italian nationalist politicians claim that Germany specifically uses the crisis caused by the pandemic coronavirus to put Italy on my knees and expropriate its economy. At the same time, it is obvious that without the help of the southern European countries most affected by the coronavirus, will be very tight.
German Finance Minister Olaf Scholz and the foreign Minister of Germany Heiko Maas said that will act in solidarity with Italy and other affected countries. They did not speak about the bond issue, but stressed that the European stability mechanism is able to quickly provide loans Italy and several other States.

Interesting and the reaction to differences of the Europeans.
- considers one SilentBob.

But many Germans, by contrast, criticized the possible assistance to southern European countries. They believe that the burden of aid for the southern European countries will fall on the shoulders of ordinary taxpayers and that it would be wiser to Germany to help their citizens, not Italy.

- writes another commenter.

It Seems that the pandemic will entail not only the deterioration of the socio-economic situation in Europe. Under threat - the unity of the European Union as a supranational Association, future political and economic relations between EU countries.