Unemployment in Israel has soared to 21% since the country went into partial lockdown in March and aid packages promised by the government have been slow to come through, frustrating Israelis who fear they are on the verge of economic collapse. … [Read more...] about Israelis protest against government response to coronavirus
"Conditionality is necessary so that money does not just serve to plug holes in the budget," Kurz said. He repeated his belief that the recipient countries should have to repay at least part of the aid. … [Read more...] about Austria’s Kurz lays out conditions for EU coronavirus recovery deal
"Leaders unanimously agreed that the severity of this crisis justifies an ambitious common response, one that combines solidarity, investment and reforms," she said. "Many leaders stressed that we must do everything in our power to reach an agreement soon in the European Council before the summer break." … [Read more...] about EU leaders hold virtual summit on coronavirus recovery plan
By Alan Crawford In July 1945, at the close of World War II, the leaders of the U.S., Great Britain and the Soviet Union gathered at a Prussian royal palace in Potsdam outside the conquered German capital to hammer out the new global order. The seeds were sown for the Cold War. As visitors in face masks ponder the consequences of those decisions at a new exhibition to mark the 75th anniversary of the conference, the geopolitical map of the world is again being redrawn. This time, it’s a result of the coronavirus, which German Chancellor Angela Merkel has described as the biggest challenge of the postwar era. Half-way into a year dominated by the pandemic, governments are confronting a health crisis, an economic crisis and a crisis of institutional legitimacy, all at a time of heightening geopolitical rivalry. How those tectonic shifts crystallize over the next six months will go a long way to determining the post-virus era. Trends that were already discernible pre-Covid-19 … [Read more...] about A new world order for the coronavirus era is emerging
During the financial crisis in 2011, inflation, debt, the US dollar and unrest in the Middle East, pushed it towards another high. And now, as the effects of the coronavirus pandemic ripple through all parts of society, the price rise has been spurred by large investors, such as private banks. … [Read more...] about Precious metal: the gold-standard investment when a crisis hits?