But so far, debt markets are still open and there's no reason to panic. Therefore governments focus on more pressing problems for now.

Otherwise, EU's future is jeopardy.

People of your ideological ilk see this as some sort of negative but it's absolutely vital. You may think of banks as evil and having a lot of money, but that money is not theirs but "the people's."

There's nothing simple about any ECB decision on monetary policy, and the composition of the EU when combined with the nature of the Euro is such that pain almost by definition can't be evenly distributed.

The ECB's balance sheets are bad enough as it is, and one country's "cost sharing" is another country's forced-austerity to bail out another country's bad loans.

The Eurosystem has serious issues that are about to get even worse. The ECB is practically insolvent by their own standards, and would be technically insolvent by American standards.

But expect that this disease expands to almost everywhere so what's going to be the status of your country by then, regardless where you are from? I'm not expecting to be able to travel much this summer, not because I'm from Italy but because every country is going to have its own share of problems.

I have an interest in this (I booked a business trip to Italy end of May / beginning of June), but my gut feeling is that the country will not stand for two months of complete lockdown. Two weeks, sure; a month, probably; two months is a very long time to keep so many things on hold. Italy is not China.

I expect some measures will stay in place (particularly about large gatherings), but not all.

https://en.wikipedia.org/wiki/2020_coronavirus_outbreak_in_I...

https://en.wikipedia.org/wiki/2020_coronavirus_outbreak_in_t...

Given the nature of this outbreak the real issue is not 'when' it is gonna happen anywhere else, but 'when'.

Italy has been hit first and I must say the reaction of the regions has been uneven, but in the future if the virus doesn't stop with the warmer weather, maybe your country is gonna keep people from flying abroad, so I think it's very difficult to make proper plans right now and, as far as tourism is concerned, 2020 is gone.

If you can afford to wait, I'd ride it out a bit longer.

After the human factor, the virus will hit the economy hard. It's probably only a matter of time till it triggers a serious recession. I'd really like to be wrong here.

Although they tried to blame this on Coronavirus that's a small part of it most likely. They nearly folded a few months ago and the government promised them massive tax subsidies which it appears they never followed through on. Regardless my point is that Flybe collapsing his little to nothing to do with Coronavirus. It just accelerated things ever so slightly.