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ECB brings in new measures to boost Eurozone Economy

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The European Central Bank has introduced certain dramatic measures to boost the economies of the countries in Eurozone.

The recession the world now faces is the biggest since the World War Two period.

This is not the first time the European Central Bank has introduced a program to boost the economies of the countries in the Eurozone region.

Earlier, it launched a similar policy, in response to the request of some badly affected countries in the southern region of the Europe such as Italy and Spain.

That means the latest policy is the second policy taken by the ECB to help the countries in the Eurozone to surmount the economic difficulties caused due to the Covid-19 outbreak.

According to the central bank, it will increase the size of its bond buying programme by €600bn to €1.35tn.

The programme will run until June 2021, which is actually six months longer than planned.

The move will keep borrowing costs low for countries and firms as they face huge budget deficits and recessions.


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France launches contract-tracing app

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In order to battle the Covid-19 outbreak, the European country of France has launched a new contact-tracing application.

As per a latest report, the app has been downloaded as many as 600,000 times since its official launch.

The app is named as StopCovid France. It warns users if they have been near someone who would test positive for the virus.

The launch of the app has faced few criticisms. Some have faced certain difficulties in downloading the application.

The last-minute launch delay has affected the credibility of the application. Many have accidentally downloaded a wrong app because of the dely.

The United Kingdom is also set to launch a similar app in the near future. It was supposed to be launched on 1st June. As per a latest report, it is less likely to hit the market until Mid-July.


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Black Lives Matter movement reaches France

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The Black Lives matter movement, which begun in the North American country of the United States of America, has reached the European country of France.

Recently, tens of thousands of people have assembled in streets across the French capital of Paris to express their protest over the 2016 black man custodial killing.

The death of the black man in the police custody in the year 2016 in France has been likened to the death of a black man in a US state in the recent past.

The protests have defied the measures imposed to curb the spread of the Covid-19 outbreak in the European country of France.

In certain regions where the protesters have gathered to express their anger, some small clashes between the police and protesters have happened.

The Paris police department has distanced itself from the custodial death allegation leveled against them by the protesters.

If the things progress in this direction, the movement may even spread in other countries in the continent of Europe.

Recently, a protest broke out in the United States following the custodial death of an unarmed black man in the country. The protest turned violent when force was used against the protesters.


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Hitler’s house to become police station

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The European country of Austria, in which the house of infamous dictator Adolf Hitler is located, has decided to turn his house into a police station.

It is an effort to eliminate the capability of the site to attract neo-Nazis and to prevent the transformation of the site as a meeting point of neo-Nazis.

The building was recently purchased by the Austrian government using a compulsory purchase order following a lengthy legal battle.

The transformation is expected to complete in few months itself. Probably in November, the inauguration of the proposed police station may happen.

As per a report published in an International media, an Austrian architecture firm will carry out the changes.

Hitler is one of the most fearful leaders the world has ever seen. Though the Nazi movement was stopped with the defeat of Germany in the Second World War, its supports still remain strong in certain pockets across Europe – particularly in Germany and Austria.

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G7: Russia denied entry

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The European country of the United Kingdom and the North American country of Canada have strongly opposed the suggestion made by the United States of America that Russia should be allowed to reenter the group as a member.

United States President recently announced his plan to postpone the G7 summit until September this year. It was when he addressed a group of media personals to discuss his plan to postpone the summit he expressed his mind about the possible expansion of the G7.

He even called the group an outdated group of countries. He indirectly termed the possible expansion undeniable.

The development has created a rift between the US and those countries which stand with the European liberals.

Recently, Mr. Trump made a telephonic conversation with Russian President Vladimir Putin. During the conversation, they discussed the possible reentry of Russia to the G7 – which was formerly G8 (until the ouster of the country from the group following its aggressive attitude).

It remains unclear whether the US will impose pressure over the group to allow the reentry of Russia into the group.

If the rift between the liberal countries increases, it may affect the strength of the liberal political platform.

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Russia lifts restrictions

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The European country of Russia has lifted some restrictions imposed to curb the spread of the Covid-19 outbreak.

The decision has come shortly after Russian President Vladimir Putin announced that the country had passed the peak.

Some medical experts have expressed their disagreement over the decision of the Russian government to lift some restrictions imposed to curb the spread of the outbreak – which has brought the world into an unpleasant state.

The country has not yet witnessed any slowdown in the spread of the outbreak.

Anyway, the removal of the restrictions has allowed people to use the public spaces like parks and shopping centres freely.

The removal has marked an end to the nine week lockdown period the country has gone through as part of its fight against the outbreak.

Unfortunately, the sad reality is that the infection rate still remains high.

The country has so far witnessed 4,14,878 infections – which is the third highest number in the world after the US and Brazil. It has also seen as many as 4,855 deaths.


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Right-wing senator shoots sexist remark against Italian Education Minister

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A right-wing senator, Giuseppe Moles, who is the member of right-wing party Forza Italia, has shot a sexist remark against Italian Education Minister Lucia Azzolina, who is the member of anti-establishment Five Star Party – which recently entered the corridor of power as a collation partner of the ruling government.

The senators of the anti-establishment party have asserted that the right-wing leader should apologize to the Italian minister.

The Italian government has offered special protection to the minister. The government has also extended protection to some rightist senators.

The Italian coalition government is at the brink of collapse. The present government is the mixture of some contradictory parties.

The present crisis has further reduced the strength of the Italian coalition government. It may even push the coalition to the state of complete disaster.

The economy of Italy urgently needs the support of the government.


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Oldest Cognac sold for £118,580

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To the surprise of many, despite the lockdown imposed to curb the spread of the coronavirus virus, the oldest bottle of Cognac of the world has been sold in an online auction for £118,580.

The bottle dates back to 1762 and has been stored in a family cellar for the past 140 years.

Notably, the organizers of the auction has guaranteed that the bottle of Cognac would taste good though it crossed its 100th birth day almost fourty years ago.

The identity of the person who has brought the bottle has not yet been revealed. The bottle has been bought by a private collector in Asia.

Anyway, the sales has set a record for the most expensive bottle of Cognac sold at auction.

It is one of only three bottles of the rare Gautier Cognac still in existence.

Of the two other smaller bottles, one is in a museum in France and the other was sold at auction in New York in 2014 for about £48,000.


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Russia attacks press freedom in the cover of Covid-19 restrictions

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The European country of Russia has severely stifled the voice of journalists misusing the restrictions imposed to curb the spread of the Covid-19 outbreak.

Recently, a group of independent journalist, who organised a single-person protest (a kind of protest which does not require the permission of the government) to express their disagreement against the arrest of their colleague, has been booked and charged with some severe charges by the government.

Anyway, several International human rights forums including Council of Europe Rights Commissioner has demanded the immediate release of the journalists.

Russia now faces a serious allegation that the country misuses the present crisis to crackdown on those who, they feel, are against the dominance of Vladimir Putin.

The issue is expected to trigger a discussion across the world. It is learned that many European countries are angry with Russia over this matter.


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Demand for abuse imagery raises

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As per a study conducted by an International media house based in the European country of United Kingdom, the demand for abuse imagery has shot up during the lockdown imposed to curb the spread of the Covid-19 outbreak.

The report says that between March and April the demand for obscene material online has almost doubled.

Similar findings have been made by a US based agency, named Centre for Missing and Exploited Children.

What the report indicates is that the issue deserves urgent attention. The issue exposes an unattended area in connection with the lockdown regulation.

It is assumed that it is the drop in site deletions due to the lockdown that contributes to the rise in the obscene material in the online space.

The issue is expected to trigger a serious discussion across the world over the topic. A global investigation, involving several advanced investigative agencies, needs to be launched to fight this issue.


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