The EU’s economic response to coronavirus helps only Europe’s enemies | Yanis Varoufakis | Opinion | The Guardian

The EU is, of course, a lot more than a monetary area. It is a peace project, a realm of shared culture, a source of identity and an opportunity to stem toxic nationalism.

Nonetheless, if its economic foundation buckles, powerful centrifugal forces already in play are ready to tear the union apart. Thursday’s Eurogroup verdict, besides being macroeconomically insignificant, was politically irresponsible and a fantastic boon for Eurosceptics in Europe, the UK and indeed in the White House.

Source: The EU’s economic response to coronavirus helps only Europe’s enemies | Yanis Varoufakis | Opinion | The Guardian