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The huge recovery fund plan, announced by the European Union to save those countries who have suffered a huge set back because of the measures imposed to curb the spread of Covid-19, has hit a hard wall, as several European countries have opposed the move.

Meanwhile, Germany has expressed its hope in the positive future of the recovery fund policy.

The main demand of those countries who have opposed the policy aggressively is that the fund should be treated as a loan and is to be repaid as soon as possible.

Spain and Italy – the two countries who have suffered the worst – were supposed to benefit greatly from the policy.

The main opposers of the policy are Sweden and Austria.

Germany is expected to convene a serious of meetings in the near future to resolve the crisis.

Earlier, a European leader warned that if this issue was not addressed rightly the European Union might collapse.

The proposed package costs €750bn.

The affected countries urgently need fund. The longer it takes for the fund to reach, the deeper the impact of the crisis becomes.

It is high time to find a solution to this issue. It may require the intervention of the United States of America.

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The European countries of France and Germany has finally agreed to the demand of the southern countries of the Europe to create a recovery fund to help the continent overcome the economic slowdown caused due to the measures taken to curb the spread of the Covid-19 outbreak.

The powerful countries of the north have unanimously proposed a €500bn European recovery fund to be distributed to those EU countries which have not yet fully recovered from the clutches of the Covid-19 outbreak

The decision has been taken during a discussion between French President Emmanuel Macron and German Chancellor Angela Merkel.

The latest decision is the exact opposite of its earlier stand on the matter.

The decision is seen as a last resort to save the European Union from falling into the pit of collapse.

Both Mrs. Merkel and Mr. Macron think the decision is necessary to save the European Economic Union from the fate of collapse.

Unlike what was decided earlier, as per the latest agreement the financial burden caused due to the decision will be shared by the European Union budget.

Many have welcomed the step. Most see this necessary to save the European Economic Union – which is the final outcome of years of hard work.


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The European country of Germany has made public burning of the European Union flag or that of another country punishable.

Henceforth, the act will attract a serious punishment of over three year imprisonment. Hereafter, the act will be treated as a hate crime.

The German parliament has approved the motion which aims to make the act of public burning of the flags punishable.

As per the new law, the act of public burning of the aforesaid flags is equal to the crime of defiling the German flag.

The same law applies for the EU anthem also.

The move has cone after Social Democrat (SPD) complained about protesters’ burning of the Israeli flag in Berlin in 2017.

Meanwhile, Alternative for Germany, which is the most powerful party rightist party in the European country of Germany, has strongly condemned the new law.

They have called the act as excessive interference into the right to free speech and artistic expression.

Spain, Italy and Greece also have similar laws which ban desecration of the national flag.


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Most European countries are aware about the fact that there is ground in the US’ allegation that China has suppressed certain information about the Covid-19 outbreak – which originated in the Chinese state of Wuhan few months back.

Still, unlike the North American country of the United States of America which has taken an aggressive stand against the Asian country, most European countries, it seems, has decided to take a lenient stand in the issue.

Recently, China reversed the total death toll due to the virus outbreak in the Chinese city of Wuhan, making the figure almost double the previous figure.

Nonetheless, China has not yet admitted that some mistakes have occurred due to the way they have handled the outbreak. The country has denied all report which indicate a systematic cover-up.

The latest reversal of the figure has been justified using the argument that several deaths that have happened outside the hospitals in the region have failed to enter the initial report due to various reasons.

At present, the Europe and the US stand in two different plains over whether China should be made liable to the loss the world has suffered due to its attitude of cover-up.

It may not take long before these two powerful factions come in a same plane to decide the fate of the world’s most populated country.


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The heads of the European Union has agreed a plan for injecting billions of euros of emergency aid into Europe’s Covid-19 affected economies such as Italy and spain.

The agreement has been reached in a meeting done with the support of the possibility of video conference.

As part of the agreement, a huge sum of 540 billion Euro will be released to support the affected countries.

The fund has been connected to the European Union budget, as per a latest report released by the greatest economic union of the world.

A senior European Union official has said that the process will boost investment in the region of the continent of Europe.

Earlier, there was disagreement between the southern countries of the EU and the northern countries over the sharing of the financial burden caused by the Covid-19 outbreak.

It remains unclear whether the issue has been fully resolved or not.

Recently, Italy expressed its unhappiness over the way the union responded to the outbreak in its initial stage.

The Italian government has welcomed the latest development in connection with the sharing of the burden caused by the outbreak.


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German Chancellor Angela Merkel has appealed for greater participation of her country in the effort to help the continent of Europe recover from the crisis into which the continent has reached due to the coronavirus outbreak.

Ms. Merkel has reminded her countrymen about the need to remain clever and cautious, warning indirectly that what has passed is not the end phase but still just the beginning.

The comment which deserves serious attention has been made while speaking in the country’s parliament.

The European Union is scheduled to organise a video summit to discuss the matter of the coronavirus outbreak soon.

The latest stand of Germany is to be viewed through that prism.

Earlier, the EU countries failed to reach an agreement on how to handle the financial burden imposed by the virus outbreak.

Some EU countries which wanted a burden sharing openly criticised the attitude of certain countries in the union, which opposed the demand for the burden sharing formula.

The difference even threatened the stability of the union, when some countries expressed doubt in the capacity of the union.

As per the present EU law, countries cannot be made liable for each other’s debts.

The development indicates that in the upcoming video summit Germany may take a lenient stand on the matter of burden sharing.


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Indirectly erecting a strong wall against the possible acquisition of EU companies by Chinese companies unfairly misusing the opportunity emerged due to the outbreak of coronavirus, the European Union has decided to support European companies to prevent the takeover of them by foreigners especially China.

There are rumours that certain Chinese state-owned companies may step in to acquire certain strategically important European companies.

From the new decision, it can be assumed that the EU is well aware of this plan and is ready to go any extend to derail the wicked strategy.

Meanwhile, an EU official, who is aware about the development, has termed, in a statement given to an International media, the EU plan as a last resort strategy.

It is clear that the EU is very vigilant. Though the union has not mentioned clear why they have created this plan, when the plan is analysed closely it can be identified clearly that it is aimed to prevent the possible takeover of EU companies by Chinese state-owned companies.

The EU is expected to throw its protective blanket over all vulnerable companies, which they fell are strategically important.

It is yet to be seen how China will react to this move.


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The EU has expressed its apology to the European country of Italy for the improper way it responded to the member country when the country required support in the initial stage of the Coronavirus outbreak.

The EU Commission President, Ursula von der Leyen, has extended a wholehearted apology to Italy, while she was speaking at the European Union Parliament.

In her statement, the President has recognised the improper way the union behaved in the initial stage of the virus outbreak.

Italy has welcomed the statement made by the EU Commission leader. The country has termed the statement as the recognition of truth.

Earlier, Italy expressed serious dissatisfaction over the way the EU reacted when they sought for the support of the union.

It even warned that the EU’s inability to address the crisis would question the sustainability of the union in the future.

Italy is one of the worst affected country in the continent of Europe. As many as 21,000 persons have lost their lives in the country so far due to the virus outbreak.

Though it is a late admission, the statement made by the EU may help the union overcome the ire it has faced for its irresponsible reaction.

Most affected countries want the EU to take up the task of mitigating the economic impact caused by the virus outbreak, though some prime EU powers are not a fan of that idea.


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A talk convened for European Union finance ministers on how to help those European countries badly affected by the coronavirus epidemic – especially those in the southern region of the continent – have collapsed in the last moment.

As per a latest statement made by the European Central Bank, the European Union may need up to €1.5tn to tackle the crisis.

The talk has stalled as a severe dispute has emerged between the Southern European country of Italy and the Northern European country of the Netherlands – which is comparatively less affected by the epidemic – over how to apply the recovery fund.

As per a latest report, the negotiation process is likely to resume in few hours, as the EU is keen to find a solution to the issue as early as possible.

Earlier, a senior European minister expressed his doubt about the longevity of the economic union. He warned of serious consequences.

The union has not yet responded to any criticism. It has recently reaffirmed its commitment towards its member countries, saying that it would come up with the solution to the present crisis soon.

Whether this crisis will lead to the collapse of the decades-old union is yet to be seen.


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The coronavirus outbreak has exposed a rift exist between the Southern Europe and Northern Europe.

Italy and Spain – the worst hit countries – are angry with the northern nations, which is led by Germany and the Netherlands, as the latter has done not much to support the former.

Spanish Prime Minister Pedro Sánchez has warned of serious consequences. As per his statement, if the EU fails to come up with a applicable plan to surmount the financial burden fallen up on the worst hit countries, the European Union economic bloc will fall apart.

As an attempt to cool down the tension, some EU frameworks have assured that they would come up with a powerful plan soon.

Unfortunately, a meeting happened two weeks ago to discuss this matter miserably failed to bear any fruit.

What Italy, Spain, France and some other EU states want is to share out coronavirus-incurred debt in the form of “coronabonds” – mutualised debt that all EU nations help pay off.

The problem here is that not all countries – especially some powerful countries in the northern part of Europe like Germany – are happy with the mutualised dept idea.

Whether this crisis contributes to the collapse of the decades-old Economic Union exist in the continent of Europe is yet to be seen.


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