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Eurozone carnage: UK RIGHT to keep pound, Germany should have kept Mark

The pandemic has had a devastating economic, as well as health, impact across the bloc, with Spain’s economy shrinking by 18.5 percent in the period from April to June, having already dropped by 5.2 percent in the three months prior that.

France’s economy shrunk by 13.8 percent, Italy saw a fall of 12.4 percent, and even in Germany, the economic powerhouse of the EU, the fall was 10.1 percent.

Across the bloc as a whole, the average contraction was 11.9 percent.

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