German Chancellor Angela Merkel Warns The European Union Is Facing Its Deepest Recession Since Wolrd War II

The Hill: German Chancellor Merkel warns EU of deepest recession since World War II

German Chancellor Angela Merkel warned that the European Union is approaching their deepest recession since World War II.

“The pandemic shows us how vulnerable Europe is,” Merkel told the European Union on Thursday, the Financial Times reported. “Therefore I want to stress to you that cohesion and solidarity in Europe were never as important as they are today.”

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Update: Angela Merkel fears economic crisis is being underestimated in EU (The Guardian)

WNU Editor: The problem for most European countries is that they are already experiencing unsustainable debt levels. She can talk all that she wants on European unity, but most European countries do not have the financial resources to make it happen.

from War News Updates https://ift.tt/2Ni5Xax