Coronavirus threatens future of eurozone, Brussels warns
by Daniel Boffey in Brussels from on (#5346H)
Pandemic risks exacerbating economic and social divisions between countries
The coronavirus pandemic threatens the future of the eurozone by creating huge economic divisions between its 19-member states during what is expected to be the deepest recession since the Great Depression, the European commission has warned.
The EU's economic commissioner, Paolo Gentiloni, said there was an urgent need to mitigate the inevitable exacerbation of existing social and economic fissures, as countries emerge at different speeds from the unprecedented economic downturn.
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