RIO DE JANEIRO, BRAZIL - At its peak, every crisis seems bound to change the world. The 2008 Great Recession should have been the rebuilding of capitalism. That of sovereign debt in southern Europe, which would have laid the foundations for a new European Union with greater solidarity.

And this, the coronavirus, "will create a new world with other rules," as European Internal Market Minister Thierry Breton pointed out last week. Most likely, as on the two previous occasions, this axiom will end up being blown away by the wind, and the change of course will have been nothing more than . . .

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