Beijing-backed Hong Kong leader Carrie Lam has announced the upcoming parliamentary elections for September will be delayed a year. And, the coronavirus pandemic has had a blistering impact on the 19-country eurozone economy, which shrank more than 12% in the last quarter. Also, the US National Hurricane Center says Storm Isaias has strengthened into a hurricane near the Bahamas, prompting widespread concerns amid the coronavirus crisis.
As critics pound the euro as the source of their economic problems, and others worry about how its loss could be devastating, many say that the loss of the euro would have another profound effect: a major erosion of the still developing sense of European identity.