It
has been a crazy day in the financial markets. All of them were deeply in the
red. The coronavirus outbreak in Italy is a little bit the straw that broke the
camel’s back. Northern Italy is a wealthy region. It is very well connected to
the heart of Europe. And that has generated some serious panic. Now, the
response must be the opposite. To keep everyone, calm. To show that we have the
means to circumscribe the outbreak. It is not an easy task. But that’s the role
we expect the political authorities to play. So far, the Italians and their
neighbours are playing the appropriate cards. Let’s hope they will keep doing
it. If any of them decides to restrict the border crossings that will send a
very negative signal to the public opinion.
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