Page 72 - ஜெர்மன் அரசியலமைப்பு நீதிமன்றம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Relaunch or disintegration? What Covid-19 means for the future of Europe

100 Shares Sir Michael Leigh identifies two distinct interpretations of the pandemic so far: a scenario in which Covid-19 becomes the starting point for a relaunch of the EU, and an alternative path in which the crisis precipitates the EU’s disintegration. The Covid-19 epidemic has been a testing time for the European Union, and for much of the world. Some see it as a pivotal experience for the EU, accelerating European integration in unexpected ways. Others see the epidemic as draining power from Brussels to national capitals, as states, and even regions and cities are the prime actors in efforts to bolster public health.

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République fragilisée : un peuple en quarantaine face à l épreuve du Covid-19, une pandémie accélératrice de l histoire

République fragilisée : un peuple en quarantaine face à l épreuve du Covid-19, une pandémie accélératrice de l histoire
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The Crisis of a Lifetime

Only one thing is certain about the post-pandemic world: there is no way back to the globalized economy that preceded it. Everything else is up for grabs, including the rise of China, the fate of the United States, and the survival of the European Union.

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The ECB adds another half trillion in QE, even as Italy eyes debt cancellation on the last batch

ECB adds another half trillion in QE, even as Italy eyes debt cancellation The central bank is in effect holding the fort through the worst of the crisis and shielding vulnerable states from markets until late 2021 10 December 2020 • 10:07pm The ECB s Christine Large is watching the surging euro very carefully but she cannot to much about it The European Central Bank has stepped up pandemic emergency stimulus by another €500bn to counter a double-dip recession, but stopped short of ‘shock-and-awe’ measures to reverse a corrosive slide into deflation. Bond purchases will be stretched out to 2022, clearing the way for the ECB to mop up three quarters of all fresh debt issuance by eurozone governments next year. This further obliterates the line between fiscal and monetary policy, and pushes the ECB’s balance sheet beyond 70pc of GDP.

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