The EU has richer countries and poorer countries. The poorer countries want the richer countries to grant them some money to fight the coronavirus. Some of the richer countries (Sweden, Holland, Austria and Denmark) want to loan these countries instead of giving them this money! These countries are being referred to as the frugal four!          

The EU is up to its eyeballs in debt with debt levels averaging 84% of GDP. The top 2 debtors are Greece at 178% and Italy at 137%. Both Sweden and Denmark are at 35% of GDP. Of course the grasshoppers want the ants to bail them out so they can maintain their easier way of life!    

And that is all I’m going to say about that!

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