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News and current affairs from Germany and around the world

News and current affairs from Germany and around the world

Related:  2021 (109II) EU Economic AffairsCoronavirus COVID-19

No going back: New imperatives for European banking The imperative of our time COVID-19 remains an unresolved health challenge that has resulted in tragic loss of life. The economic contraction emerging in its wake will likely be the deepest since World War II and the road to recovery will be long and challenging. Over the past few months, banking leaders have displayed resolve and resilience, moving swiftly to protect the health of employees and customers, ensure the continuity of basic banking services, and build up capital, liquidity, and cost buffers to strengthen their institutions.

Covid-19 (Coronavirus) Update: Chronology of a Pandemic About a months since our last update, the world according to Covid-19 cases looks very different. The absolute number of accumulated cases has almost doubled to now more than 6.4 million and more than 382,000 have died (all figures last updated 04 June 2020). The trend that we identified at the beginning of May, with the USA as a constant epicentre, growing faster than any other country and South America (namely Brazil and Peru) and Russia closing in and Europe stagnating, hast been manifested. Overview - COVID-19 - Eurostat In this section, you can find a wide range of statistics and data published by Eurostat related to COVID-19. This can give you a baseline against which the impact of the crisis can be measured, provide the wider background or help you to see the evolution of the crisis. The information covers a range of topics related to the economy, society and work, population and health as well as agriculture, energy, transport and tourism.

What would and should a post-pandemic world look like? Since the outbreak of the coronavirus pandemic, there has been a general feeling that the world is at an historical turning point, that nothing will ever be the same again. The realists ponder and the (neo)liberals bemoan the comeback of the strong state, the rise of nationalism, the ascendance of China at the expense of America, as well as the failure of global governance, the retreat of globalisation, and increasing divisions within "united Europe". Indeed, as the coronavirus wreaks havoc across the world, national and local governments have taken a charge in directing the fight against a pandemic, which is by definition global and would necessitate global action - one would imagine. People are rallying around their governments as they expand their authorities in every sphere of life, with little or no legislative oversight or prospect for giving them up once the outbreak is over.

Recovery plan for Europe The largest stimulus package ever The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe. It will be a greener, more digital and more resilient Europe. The new long-term budget will increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. 8 Pandemic Words & Phrases People Absolutely Never Want To Hear Again When surprising, shocking, or scary things like the COVID-19 pandemic happen, it’s sometimes difficult to find the words to talk about it. You may find yourself straining to remember terms you learned a long time ago, or repeating the same words and phrases over and over again because you just don’t know what else to say. While the world is quarantined due to the novel coronavirus, it seems like we’re all struggling with this problem.

ICT Innovation networking event defines practical steps towards internationalisation and visibility of ICT clusters in Eastern partner countries On 14 December, an EU4Digital networking event discussed ways to organise and manage innovative clusters and cluster-like business networks in the area of ICT Innovation, focusing on establishing better visibility and connection of clusters in the EaP region. The virtual networking event was targeted at cluster ecosystem organisations from Eastern partner countries, to facilitate their registration to the European Cluster Collaboration Platform (ECCP) and deepen knowledge of clusters’ organisation and development. Throughout the meeting, key EU organisations and ICT clusters from the EaP region presented value proposition, practical experience of cluster growth and international cooperation, as well as perspectives for the development of cluster ecosystems. Participants included:

The pandemic as a war and Trump, the 'medic-in-chief' A few weeks after the outbreak of the coronavirus in Wuhan, Chinese leader Xi Jinping vowed, with typical communist party bravado, to win the "people's war" against the novel threat. A month later, Western leaders began referring to the pandemic as a war, starting with French President Emmanuel Macron and British Prime Minister Boris Johnson, followed by America's Donald Trump, boasting of his new grand title, "war president", fighting an "invisible enemy". The war metaphor has a long history of rhetorical usage: the war on women, the war on science, the war on religion and the war on graffiti, as well as cultural wars and wars of ideas. But it is the articulation of the war metaphor by governments, especially the US government, that has generated much controversy and even scorn, considering the abysmal results of the US war on poverty, the war on cancer, various trade wars, as well as the devastating war on drugs, the war on crime, and of course, the "war on terror". The list goes on.

The common EU response to COVID-19 The EU is mobilising all resources available to help member states coordinate their national responses, and this includes providing objective information about the spread of the virus, the effective efforts to contain it and measures taken to repair the economic and social damage brought by the pandemic. From this page, you can access the dedicated webpages and resources published by the EU institutions and bodies as well as EU member states. Recovery plan for Europe EU leaders successfully agreed on the recovery plan for Europe. A total of some €1.8 trillion will set Europe on path to a sustainable and resilient recovery. Re-open EU COVID-19 and the anti-lessons of history As the outbreak of coronavirus disease 2019 (COVID-19) in China's Hubei province continues and new cases of the disease increase globally, WHOCoronavirus disease 2019 (COVID-19) situation report—38. there is pressure on historians to show the value of history for policy. How can the past assist in the real-time management of the crisis? What insights can be gleaned from the ongoing epidemic for future disease preparedness and prevention?

EU Politics / Theories This is where you can find various integration theories that have been put forward since the creation of the European Union. Here you can find the origins of each theory, the main proponents of these theories, the theory itself and also the impact that each theory has had, followed by a brief critique of that theory. These theories are traditionally grouped under the three headings ‘Explaining integration’ ‘Analysing governance’ and ‘Constructing the EU’ (Wiener and Diez 2009, p. 7). This trichotomy has been developed with regard to the impact each theory has had. The theories that seek to answer questions such as ‘How can integration outcomes be explained?

Responding to Covid-19 — A Once-in-a-Century Pandemic? In any crisis, leaders have two equally important responsibilities: solve the immediate problem and keep it from happening again. The Covid-19 pandemic is a case in point. We need to save lives now while also improving the way we respond to outbreaks in general. The first point is more pressing, but the second has crucial long-term consequences. The long-term challenge — improving our ability to respond to outbreaks — isn’t new. Global health experts have been saying for years that another pandemic whose speed and severity rivaled those of the 1918 influenza epidemic was a matter not of if but of when.1 The Bill and Melinda Gates Foundation has committed substantial resources in recent years to helping the world prepare for such a scenario.

Why has COVID-19 hit different European Union economies so differently? All European Union countries are undergoing severe output losses as a consequence of COVID-19, but some have been hurt more than others. Factors potentially influencing the degree of economic contraction include the severity of lockdown measures, the structure of national economies, public indebtedness, and the quality of governance in different countries. With the exception of public indebtedness, we find all these factors are significant to varying degrees. All European Union countries are undergoing severe output losses as a consequence of the COVID-19 crisis, but some have been hurt more than others.