Bloomberg

Nightmare haunting euro founders may be a reality with Italy

The increasing death toll from the virus and the economic fallout from the lockdown leave the government with no option but to spend more to help its people. Foto: Hendrik Schmidt/Pool via REUTERS

Two decades since the euro began, one of the principal worries of its founders is materializing as the coronavirus rages through the region's third-largest economy.

The longstanding suspicion that Italy's profligate borrowing could ultimately become the whole of Europe's problem was the recurring nightmare of German finance officials throughout the 1990s...

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