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

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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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EU apologises to Italy

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

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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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Europe: Coronavirus outbreak exposes North-South divide

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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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UK to come up with Canada like FT deal

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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.


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UK officially breaks tie with EU

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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.


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Polish SC expresses concern about proposed judicial reforms of Govt.

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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.


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UK, EU negotiators reach new deal on Brexit

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The representatives, who were sent by the European Union and the United Kingdom, have reached a new Brexit deal. UK President Boris Johnson has called the deal as great.

The deal needs the assent of both the European Union parliament and the United Kingdom parliament.

The DUP, the party based in the Ireland region of the UK, has expressed its disagreement with the new deal.

It has declined to give its support to the bill. The party is likely to vote against the bill in the British parliament.

The UK is nearing a deadline given to reach a Brexit deal with the EU and get it passed its parliament.

Day by day, the pressure over the present UK government is increasing. The UK PM is very keen to reach a deal with the EU over the matter of Brexit as soon as possible.

The DUP has a considerable amount of strength in the British parliament. But, it is not as powerful as to get the deal defeated singlehandedly.


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Puerto Rico in more controversy after protests

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The new Governor of Puerto Rico have arrived with bringing a new controversy to the US territory.

Protesters have already covered the justice secretary, days after Ricardo Rossello said he would step down as governor of Puerto Rico.

Ricardo Rossello had resigned amid mass protests over a leaked chat in which he and top aides shared obscenity-laced messages and Pedro Pierluisi came as the successor of Rossello.


Ricardo Rossello

But, doubts have raised regarding the term of Mr Pierluisi as governor, since the official confirmation has not yet been received from island’s Senate.

His appointment has been termed unconstitutional, by the critics.

Mr Pierluisi, in his inaugural speech said that he was “he was “fully capable and authorised to act, but the Senate will have its say”. “If I am not ratified then the second in line, the secretary of justice of Puerto Rico, will take over the governorship”.

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Visa-free travel for Britons even after ‘no deal’ Brexit

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The EU lawmakers, on Wednesday had approved a low that allows Britons visa-free visits even after a “no deal” Brexit. Severe disputes had been occurring over the status of Gibraltar.

The law already had the backing of member states. Even though Britain is about to leave the EU almost by next week, the law allows British visitors 90-day trips to the Schengen passport-free zone.

When asking the committee to back the proposal, Bulgarian EU lawmaker Sergei Stanishev said, “The 12th of April is coming and the faith of millions of UK citizens and EU citizens and their right to travel is in our hands”.

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