When all is said and done, the COVID-19 pandemic might very well wind up being regarded as the straw that broke the European Union’s back. The pandemic caught Europe flatfooted, so to speak and the EU response has been less than inspiring, or beneficial for that matter. Instead of demonstrating its strengths, events of the past month have instead put the EU’s deficiencies on full display, and highlighted the body’s failure to meet the needs of its member-states in the midst of a global emergency. There’s no leadership coming out of Brussels, and certainly no sense of responsibility among the wealthier EU members, or a humanitarian desire to hand out billions of euros to prevent nations such as Spain and Italy from collapsing under the strain of COVID-19. Loans and bailouts, on the other hand, are perfectly fine, as we’ve seen in the last week.
To be fair, the European Union is making an effort, yet it has resulted in far less than what some of its hardest-hit member states want or need. Individual EU governments are increasingly reluctant to come together and provide material goods, and funds. France is calling for unity, while looking to Germany, as is much of the EU, for a solution to Spain and Italy’s woes. Berlin has been reluctant to provide one, with many Germans viewing it as Europe expecting their country to pay the COVID-19 bill. Spain and Italy have requested aid to help boost their damaged economies after weeks of lockdown, including ‘coronabonds’ to fund the recoveries. Germany, and the Netherlands refused. German Chancellor Angela Merkel insisted Spain and Italy apply to the European Stability Mechanism instead. Given that Southern European nations believe ESM is what helped caused so much economic hardship in Greece, its not likely that either Spain or Italy will apply.
The origins of the bad blood between Southern Europe and its neighbors to the north are found in the 2008/2009 fiscal crisis. The wounds inflicted there have never really been fully repaired. Now, the COVID-19 pandemic has ripped them open again, and the bad blood between the southern and northern states is flowing once more.
Only this time, the feud carries the potential to burn the entire bloc to its foundation.