Euroscepticism never actually went away after Brexit, but European Union stalwarts have largely been holding the line, with gambits from anti-EU leaders like Italy's Matteo Salvini failing over the past year. But the COVID-19 pandemic could change that.
Countries like Italy, Spain, and Portugal have seen their debt burdens rise during the pandemic, but despite calls from Italy for Brussels to issue so-called "eurobonds" to share debt more evenly across the continent, the European Central Bank is instead relying on a massive asset-purchase program which allows all eurozone members to borrow from bond markets during the downturn. But risk varies by country.
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