Emerging stronger from the pandemic

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The conclusions Europe draws from the COVID-19 pandemic may be much more far-reaching than its immediate effects. Never in the history of Europe has the economy been stagnant for so long, nor have governments paid such high amounts in such a short time to keep companies afloat and to finance the salaries of furloughed workers. How soon, and indeed whether, Europe will be able to regain its former prosperity and compete on an equal footing with the most dynamically developing regions in the world will depend on the priorities we set.

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