At its April 9 meeting, the Eurogroup (eurozone finance ministers) was supposed to come up with a viable means of assisting member countries with Covid-19 related costs. The countries which have been worst affected by the pandemic, Italy especially, argued forcefully for the costs of the pandemic to be spread among eurozone nations. These costs relate to outlays for healthcare and income supports for unemployed workers. Northern European creditor nations baulked at the idea, fearing this would lead to an eventual mutualisation of eurozone debt. The Dutch government was strongly against the idea, likening the proposal to being asked to…

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