Europe | Charlemagne

Briefly united by Ukraine, Europe faces divisions on the home front

The EU agrees on war, but not bail-outs

Pandemics resulting in lots of deaths are a Bad Thing. Russia invading Ukraine: also Bad. What about finance ministers running large budget deficits in a downturn to keep the economy humming along? Well, that depends on whom you ask. Therein lies a brewing problem for Europe. Dealing with covid-19 then Ukraine has bound the continent together. The economic fallout from both will revive old debates that tend to tear it apart.

This article appeared in the Europe section of the print edition under the headline “From bullets to bail-outs”

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From the June 25th 2022 edition

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