No-one benefits when the coronavirus crisis evolves into a financial crisis. This implies that we need to be cautious with, for instance, proposals for large-scale debt forgiveness. Such proposals are only viable when financed by governments. A pan-European policy response is needed to help the hardest-hit countries.
That is, if exports of mineral water, fish, garments, textiles & footwear and other domestic exports (like agro-based produce) potentially decline then this will naturally feed into lower production in these sectors. In addition, any slowdown in tourism would impact the wholesale & retail trade, hotels and restaurants sectors, as well as, the air transport and services allied to transport sectors adversely.