Hopefully this health crisis will trigger a widespread debate about healthcare.
We're also looking at a massive stimulus package all over Europe, political authorities will be incentivized to open up the coffers, would probably be a good idea to use that goodwill to not only try to compensate for the current stress but also to invest in a more resilient society.
Here's the problem though. Italy and France are broke.
Germany and the Dutch ain't paying unless Berlin controls the French budget from Brussels. That's always been the issue in European politics.
The French want to share their debt with the Germans through Euro bonds and the Germans only want that if the French give up their budget control and reform.
We'll likely bail out the airlines before they collapse and then the debt must be paid with austerity.
Savings are worthless with interest rates near 0 and what little was saved is wiped out.
Our government has said we can take a 90 billion Euro hit.
Italy essentially nuked their own economy. Some economists estimate it will take decades to recover.
