Which country's government will be the most affected by the COVID-19 global pandemic, and be the first to go bankrupt, and default?
As always the case, the poorest countries are at the most disadvantageous position.~
Imo, the poorest
people are at the most disadvantageous position, and we can find such people in every country.
Regarding the economic impact of the pandemic on various countries' economies, every country will be (and already
is) affected big-time. And if one country will suffer much more than others, the international community will help that country to cope with its problems.
The world, with the exception of a few countries, maybe, is no longer a place where some countries are gloating over the calamities in other countries. So, with the current level of reciprocity, on the governmental level, all economics will be affected equally, more or less.
I fervently hope that is exactly the case right now while some countries are desperately fighting against COVID-19 and its terrible economic impact more than the rest. Unfortunately, there are some sad indications that a few countries or even a community of countries are leaving others out in these dire times, just when they needed them the most.
https://www.cnbc.com/2020/03/20/italy-conte-calls-for-eu-crisis-fund-as-coronavirus-death-toll-rises.htmlCountries that are more fiscally sound do not want to have their debt associated with those of highly indebted nations. As a result, the Italian calls are likely to be received with some skepticism.
https://foreignpolicy.com/2020/03/14/coronavirus-eu-abandoning-italy-china-aid/One might think that fellow European Union countries would count their blessings and send their Italian friends a few vital supplies, especially since the Italians have asked for it. They have sent nothing.
https://www.politico.eu/article/eu-aims-better-control-coronavirus-responses/EU countries have so far refused Italy's plea for help fighting coronavirus, as national capitals worry that they may need to stockpile face masks and other medical gear to help their own citizens, officials and diplomats said.
I am not saying some countries are gloating over the calamities of others but facing a pandemic which is ever ready to hit all cities and towns of the world, some countries seem to suggest through their actions that in these trying times, to each his own. I hope I am very wrong on this.
