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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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Europe prepares to ease restrictions

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The European countries of France, Italy and Spain are preparing to ease restrictions as these countries have registered the lowest daily death tolls for weeks.

The medical community has also voiced happiness in the latest development. It is because of their persistent effort the rate has come down to this level.

France, Italy and Spain are the worst affected countries in this part of the world.

Meanwhile, unlike other European states, Russia is still under the clutches of the Covid-19 outbreak. Fortunately, the mortality rate there is not as high as that in the other parts of the continent.

In Russia the virus appears to be advancing, with 10,000 new infections.

It is said that in the near future itself the developed countries may recover fully from the clutches of the virus.

Lately, the WHO predicted that the African continent would be the next epicenter of the outbreak. That revelation is the biggest concern now.


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Spain to allow children to get out of homes

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Few days after Barcelona Mayor Ada Colau – who is the mother of two young children – pointed out how the lockdown imposed to curb the spread of Covid-19 made serious physical and psychological impacts on children, Spain has decided to reduce the measures that restricts the free movement of children outside their homes.

The big decision has come at the time several European countries are preparing to bring in some relaxations on their restrictions.

Spain at present the only country in the continent of Europe where there is a restriction on the movement of children in place.

The country recently faced severe criticism for its tough restrictions – especially its restriction on the movement of children.

As per a statement made by Spanish Prime Minister Pedro Sanchez, the relaxation will come to effect on 27th April, 2020.

Spain is one of the worst affected country in the continent of Europe. Over 20,000 people have passed away in the country due to the virus outbreak. The outbreak has infected not less than 2,00,000 people.

According to the latest statement of Spain PM, the country has successfully passed the peak and has contained the spread of the disease successfully.


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Things to return to normal in Spain soon

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A ray of hope has emerged in the European country of Spain, as the latest figures show that the upward momentum of the coronavirus death rate and the coronavirus infection rate has been curtailed.

Many see the latest from Spain as a good sign. A senior Spanish minister has expressed happiness in the new development.

Spain is the second worst affected regions in the continent of Europe, after Italy – where the things have not yet been reached to a satisfactory level.

Recently, Spain has confirmed over 6,398 confirmed cases, bringing the total number of confirmed cases in the country to around 85,195.

Actually, the total number of confirmed cases in the European country of Spain is far higher than the total number of confirmed cases in the Asian country of China – where the disease originated several months before.

It is hoped that the ray of hope that has emerged in Spain will spread to all other affected regions across the world.


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No respite in Spain

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Spain has seen a serious increase in the death toll, leaving the country brutally in a state of total despair. It has witnessed a rise of seventeen per cent in the time frame of last twenty four hours.

The death toll in Spain now stands at 5,600. Meanwhile, the total number of infected cases now is over 72,248 at present.

Spain is one of the worst affected regions in Europe. It stands in the second position after the European country of Italy.

A new report indicates that not everything is worrisome for Spain. Paving way for the rise of the ray of hope, the recovery rate has marked a tremendous increase lately. So far, as many as 12,285 have recovered from the virus – at least 2,928 in the recent past. The recovery rate has marked a sharp rise of thirty one per cent.

Spain has recently stepped up its efforts to counter the virus – which has brought havoc to the world.


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Shocking: Spain soldiers find coronavirus affected elderly dead and abandoned in care homes

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The Spanish soldiers have found certain elderly people, who died of Covid-19, abandoned in their care homes.

It is shocking how irresponsibly the workers in the care homes have behaved. As per a preliminary assumption, the workers have fled to safe locations when they have found that some of the inmates have been infected.

The Spanish government has asserted that they would take the matter seriously and would give special care to make sure such a circumstance does not arise in future.

Spain is one of the worst affected regions in Europe. Last day alone, over 462 persons died in the country due to the coronvirus outbreak. In total, not less than 2,182 people have died in the country due to the virus outbreak.

Earlier, the World Health Organisation said that the continent of Europe was the epicentre of the virus – which had originated in the Asian country of China few months ago.

The world is at present in a crucial juncture. If people have a strong will, the world can easily overcome this crisis.


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Spainish King renounces inheritance from his father

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Spanish King Felipe VI has renounced the inheritance from his father, Juan Carlos, who is the former king of the European country of Spain.

The former king, who had been ruling the country for not less than 39 years, abdicated in the year 2014.

During this regime, he faced several serious allegations. He was criticised then for his extravagant lifestyle.

Importantly, Mr. Carlos will no longer receive the annual grand of 194,000 Euros.

Earlier, it was alleged that he received some illicit fund via Saudi Arabia.

He still faces an investigation in connection with the case.

Neither the Spain king nor his father, the former king, has commended on this matter.

It remains unclear why such a serious decision has been taken by the Spain monarch. It is also unclear how this development will affect the future of the Spanish monarch – which at present passes through a very difficult time.


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Coronavirus outbreak: Spanish hotel quarantined

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A hotel situated in Canary Island in Spain has been quarantined as a doctor, who reached the hotel recently, has been tested positive for coronavirus.

The doctor came from Lombardy, the Italian region which is battling with the disease outbreak.

The hotel authority has advised the visitors to stay in their respective rooms. At this moment, it remains unclear whether any person other than the doctor has been affected.

The development is likely to impact the Spanish tourism industry negatively.

Across the globe, as many as 80,000 people have been affected due to the outbreak, which originated in China. China is the worst affected region.

The outbreak has already impacted the global economy negatively. Several global financial organisations and multilateral groupings have warned against the possible economic slowdown.

Meanwhile, indicating that what the world has witnessed so far is just the beginning, the World Health Organisation has urged the world to do more to prepare for a possible pandemic.

Compared to the Asia and Africa, the developed Europe is less vulnerable to the deadly outbreak. Still, the continent has many things to worry about – especially at the time the globalised world is heavily connected with each other.


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Storm Gloria brings havoc to Spain

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A disastrous storm, named Storm Gloria, has brought havoc to the European country of Spain. The storm has caused floods and similar disasters to certain regions in Spain.

Spanish Prime Minister Pedro Sanchez has visited certain regions which have faced the wrath of the storm.

So far, as many as thirteen people have died due to the storm in the country. The death toll is likely to increase in the coming days.

An emergency meeting has been convened by the government to evaluate the present situation.

The Spanish Prime Minister has blamed the issue of climate change for the deadly storm that has brought havoc in his country.

The entire rescue structure has been put on high alert.

Balearic Islands, Catalonia, Valencia, Murcia and Andalusia are the worst affected regions. These regions have experienced rain and snow.

The things are under control at this moment.

Are you in the affected area? If it is safe to do so, please share your experience with us.


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Deadly blast sends shockwaves to Spaniards

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A deadly blast happened at a chemical factory in the Spanish autonomous territory of Catalonia has sent shockwaves to the people of the country.

As per a preliminary assumption, the blast was accidental. Initially, the authorities asked the residents of the area to stay safely inside their homes. But, later, the directive has been revoked by the same authority, as they have found that no harmful gas was released during the blast.

Catalonia is a heavily industrialised region in the European country of Spain. It is an autonomous region. A movement for the independence of this region from Spain is at a crucial juncture at this stage.

The present Spanish government owes the separatist parties in the region for its existence, as these parties form an integral part of the ruling coalition.

It is not clear how this development is going to reflect in the continuing agitation aimed at the independence of the region from the control of Spain.

No region in Spain is as prosperous as Catalonia. The Spanish economy relies hugely on the region for its stability.

The disinterest of Spain to give the region what it wants is linked to the aforesaid fact. The country knows well that losing Catalonia means losing its economic stability.


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