The outcome of Europe’s recent economic recovery plan, so badly needed in such tragic and unprecedented times as these, has demonstrated the degree of the EU’s political and economic defeatism. Specifically, the appeal of nine countries led by Italy for the issuance of joint debt, the so-called Coronabonds, has sofar failed. Despite EU Finance Ministers having agreed on a package of measures worth half a trillion euros to cushion the blow of the coronavirus pandemic, they left unresolved the most contentious issue of how to share the financial burden. Click on the link to read The Eurozone deal: NO RELIEF FOR ITALY AND WHY THE LINE SHOULD BE DRAWN paper.