Covid–19 has done more than cause a medical and economic crisis. It is provoking a major reorientation of the foreign policy of both the United States and Europe.
While the media, right and left-wing parties and the average newspaper reader celebrate in anticipation of “helicopter money” from Brussels, or otherwise the so-called “Next Generation EU”.
Given that even ‘profit’ now seems to be dirty word, it is no surprise that being accused of ‘profiteering’ during a crisis is about as bad as it can get.
No discussion of globalisation would be complete without considering some of the myths that have over the recent years come to dominate the public discourse.
To overcome the Covid-19 crisis, the European Central Bank is considering pooling debt issuances among the countries of the Eurozone in what has recently been dubbed as “Coronabonds”.