Wednesday, July 22, 2020

EUROPEAN UNITY IS A PIOUS FANTASY

For as long as I can remember, late night bust-ups have been par for the course at European Union meetings. 
Even so, this week’s Brussels summit to rescue the EU’s pandemic-blighted economy was in a class of its own. 
At last, just after dawn yesterday, a visibly exhausted Charles Michel, President of the European Council , appeared before the cameras. 
 ‘We did it!’ he declared. ‘Europe is strong! Europe is united!’ Strong? United? 
Well, let’s see. To cut a long story short, on top of signing off on a new €1 trillion seven year budget, the EU eventually agreed to hand out an astonishing €390 billion in grants to recession-haunted countries such as Italy and Spain, as well as a further €360 billion in low-interest loans. 

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