EU faces historic test of relevance as its 70th anniversary takes place during pandemic
-On today’s 70th anniversary of the European Union’s beginnings with the Schuman Declaration, the project that was launched to end centuries of war is in an existential struggle with a pathogen that knows no borders
-What is not well enough understood even by Europeans, let alone by Americans, are the global perils in a weaker and more vulnerable European Union
-While the coronavirus reach is global, nowhere is a common cause more crucial than among European countries
On today’s 70th anniversary of the European Union’s beginnings with the Schuman Declaration, the project that was launched to end centuries of war is in an existential struggle with a pathogen that knows no borders.
COVID-19 has won the opening rounds – challenging the economic solidarity, the political common cause and public confidence on which the EU’s future relies. Some consider this week’s landmark decision by Germany’s Constitutional Court, casting doubt on the European Central Bank’s authority for its public sector bond buying, as just another nail in that supranational coffin following the United Kingdom’s departure.
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Πηγή: cnbc.com
