Coronavirus: 'We are now in recession' says IMF chief

There is expected to be a “tsunami” of coronavirus cases in hospitals at the moment. In the short-term, the country must prioritise saving those lives. In the long-term, however, the futures of “Generation Corona” must be protected.

I read with some dismay last week, the self-congratulatory triumphalism of a Saudi commentator extolling his country’s pandemic response while gloating at the misfortune and failures of some of its neighbours and regional rivals.

The actual resilience of Schengen will only become apparent later, once border checks need to be lifted again. Past experience has shown, time and again, that lifting controls can be hard, certainly harder than re-introducing them.

Money laundering will not be at the top of many people’s lists of things to worry about as a result of the coronavirus pandemic. For those of us whose job it is to worry about money laundering generally, however, that job has just got harder.