“Fortitude under duress” may well be the very short summary of this never-ending year in European finance.Back in April, the EU found itself on its knees due to the economic impact of the pandemic, facing a crisis the likes of which living generations had never experienced. Economists in lockdown were punching numbers into their models to estimate what happens when you lose an entire quarter of economic growth, only to find out that weathering a financial storm of this magnitude was simply impossible for weaker, highly indebted economies such as Italy.
Source: transebvnews