Lenore Hawkins, chief macro strategist at Tematica Research, joins Real Vision's Ed Harrison to share her experience on the ground through Italy's coronavirus lockdown. She breaks down the macroeconomic consequences in short- and long-term of the world-wide shutdowns and explains how European governments might respond with tools they are already employing. Hawkins also discusses the challenges to European monetary policy, the potential for a Eurobond, and even a Brexit-style departure from the European Union for Italy.