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Europe’s changing political landscape

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The continent of Europe, which is one of the most developed continents in the world, is at present dominated by the multilateral organisation of the European Union, which is led by the United Kingdom, Germany and France.

Russia is one of the prime rebels in the region. The country is not in a good relation with the rest of the countries in the continent.

Still, the country is not a supreme force compared to the European Union. The majority of the countries in the region is under the influence of the multilateral organisation.

It is a crucial juncture. The future of the EU is not bright at this moment. The Brexit, the exit of the UK from the European Union, is expected to reduce the strength of the multilateral organisation.

The steadily increasing influence of Russia over the Europe is also a serious threat for the future of the European Union’s influence over the continent.

In a sense, the US is responsible for the steady decline of the EU’s influence over the continent of Europe.

The Donald Trump-led United States have pulled the country away from the Europe, ignoring the commitment the country has to the North Atlantic Treaty Organisation.

Anyway, the changed political scenario in the US is seen as a game changer. It may reverse the trend.

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France, Germany agree to offer recovery fund

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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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