Eurozone

The familiar should be a consolation amid the terrible novelties of COVID-19, but the pandemic’s effects on the European Union threaten to turn familiar fiasco into dangerous novelty. As a weakened Angela Merkel faces Germany’s crisis of economic responsibility, and France floats the idea of issuing its own ‘corona bond’, the EU and its currency face what Emmanuel Macron would probably not want to call its Waterloo.Henry Kissinger’s remark — ‘Who do I call if I want to speak to Europe?’ — has never seemed more true. Britain is leaving.