News

Europe unhappy with China’s suppression of Covid-19 details

By 782 0

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.


Photo Courtesy: Google/ images are subject to copyright

News Trending

EU agrees emergency aid plan

By 742 0

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.


Photo Courtesy: Google/ images are subject to copyright

News Trending

Just beginning, not end, says Merkel

By 679 0

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.


Photo Courtesy: Google/ images are subject to copyright

News

EU to step in to prevent unfair takeover of EU companies by foreigners

By 643 0

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.


Photo Courtesy: Google/ images are subject to copyright

News Trending

EU apologises to Italy

By 679 0

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.


Photo Courtesy: Google/ images are subject to copyright

News

North-South divide deepens in Europe; FMs’ talk fails to bear any fruit

By 624 0

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.


Photo Courtesy: Google/ images are subject to copyright

News

Europe: Coronavirus outbreak exposes North-South divide

By 669 0

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.


Photo Courtesy: Google/ images are subject to copyright

News

UK to come up with Canada like FT deal

By 787 0

The European country of the United Kingdom is expected to come up with a Canadian style Free Trade Agreement with the European Union.

The British government has already announced their intention. The government has assured to consider all the concerns which have emerged out of the UK’s withdrawal from the economic union.

The UK officially stepped out of the economic union recently.

The challenges that London now faces is not small. What the country expects is an economic uncertainty.

The proposed Free Trade Agreement is considered as an effort to overcome the threat posed by the Brexit.

The EU has not yet responded to the UK FTA announcement. Many European leaders have expressed their concerns about the deal.

The North Atlantic Free Trade Agreement is the most successful Free Trade Agreement that has been launched. It covers the United States, Canada and Mexico. Canada benefits the most from the agreement.

With the Canada model statement, what the UK expects is to benefit hugely from the proposed FTA deal with the EU.


Photo Courtesy: Google/ images are subject to copyright


News

UK officially breaks tie with EU

By 821 0

The United Kingdom has officially broken its tie with the European Union, the economic union of powerful – as well as advanced – European countries.

Several people have gathered in the streets across the country to express their feeling about the divorce.

Not all marches have been in support of the divorce. Scotland has been the epicentre of the anti-Brexit protest. Several protests have been organised across the country against the Briton’s move to ditch its decades-old relation with the powerful economic union.

Many are worried about the future of the divorced UK. Some anticipate even a serious economic slowdown.

Meanwhile, United Kingdom Prime Minister Boris Johnson, who has played a pivotal role in the exit of the country from the economic union, has assured to take the country forward to make its future brighter.

The Brexit has come at least three years after the people of the United Kingdom voted to leave the economic union.

The UK’s relation with the EU was around 47 years old. It had several ups and downs. At the time of the exit, it was at its lowest point.

During the referendum, Scotland voted against the Brexit. It wanted to prevent the country’s exit from the union.

Unsurprisingly, Scotland is where the largest number of anti-Brexit protests has occurred.


Photo Courtesy: Google/ images are subject to copyright

News

Polish SC expresses concern about proposed judicial reforms of Govt.

By 658 0

The Supreme Court of the European country of Poland has expressed its concerns about the recently proposed judicial reforms of the government.

The court has warned the Polish government of serious consequences. It said if the proposal was implemented the country would have to leave the European Union.

Meanwhile, the Polish government has dismissed the concerns raised by the top court of the country. It said the country’s judicial system had not yet recovered fully from its communist hangover.

The polish government has justified the proposed judicial reforms as an effort to help the judicial system to recover completely from its communist hangover.

The European country of Poland was under the clutches of communism for several years in the past.

The present government is of the opinion that the country has not yet recovered fully from the clutches of the communist hangover.

The EU has not yet responded to the issue. No European superpower has commented on the issue either.

The confrontation between the Polish government and its judicial system is not a new thing. Since the induction of the present government, it is in a bad relation with the country’s judicial system.

The new proposal allows the government to push with serious punishment including dismissal those judges who, the government thinks, intervenes in the politics of the country.


Photo Courtesy: Google/ images are subject to copyright