EU Divisions Risk Inflating Crisis Bill

MILAN (Reuters Breakingviews) - The European Union is in danger of turning a health crisis into a prolonged economic disaster. EU leaders on Thursday failed to agree on a joint fiscal response to the Covid-19 pandemic ravaging the continent. Despite bolder European Central Bank support, inaction by European governments will make it harder for Italy and other indebted euro zone nations to ramp up spending to support their stricken economies.

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