We talk to Adam Tooze in New York about the possible impact of coronavirus on the global financial and political system. How does this crisis compare to the financial crisis of 2008? What are the implications for the future of the Eurozone? And what have we learned already about the shift in power from the US to China? Plus we talk to Helen Thompson in London about how it intersects with the oil price war between Saudi Arabia and Russia. The first of a series of conversations about the biggest event of our times. **Updated overnight**
This crisis has revealed the fundamental weakness in the Eurozone. Lagarde’s initial comments re-exposed this fundamental faultline.
The fundamental weakness in the Eurozone is one of the continuities, but no one really expected it to be exposed.
The inequities in the US health system are severe and will be exposed in this crisis.
The spread of this disease from China is not unusual but the ability of the Chinese government to bend this curve so quickly signals the power of state capacity.
What happened to oil prices?
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