The economic crisis that comes with the coronavirus has two components.  The first component is the shutdown. To prevent the spread of disease, certain activity has to stop. Hairdressers and bars have to close, which means less work for hairdressers and barmen. Nothing to be done about that.  The second component is the panic. We’re all scared out of our wits here. So we’re not spending anything on non-essentials. Everyone has reined in their spending. They’ve done so not because they’re forced to, but because they’re frightened about the future. They’re worried about their job, and the value of their…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.