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| Italy is the most affected Europe in the Covidium-19 epidemic |
Europe is on the verge of a new outbreak of coronavirus disease. The continent is the one most affected by this global pandemic. What is going to happen in post-imperial Europe? Unity is the most wanted in this crisis, but it is absent in Europe. Under these circumstances, the political divisions in the region are becoming clearer.
Europe faces an economic downturn, analysts say, which could lead to the rise of radical nationalist consciousness and extreme right-wing populism in the region. In the meantime, Italy and Spain have warned that the European Union (EU) could be broken.
In this context, the British Media Guardian was confronted by six experts from different fields. They gave different perspectives on how to turn around after post-locking Europe. The relevant report published in the Guardian is summarized for the reader.
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Turn around will require financial unityCharles Grant, Director of the Center for European Reform of the Independent Research Institute.
The Coronavirus is in the hope of those who want to stumble across the EU. Countries gave priority to their own interests. There was a rift between the governments. Cracks between northern and southern Europe have become more evident.
The economic downturn will have a major negative impact on government earnings and will increase government debt and unemployment. However, the effects of the outbreak of the virus will not be equally prevalent everywhere. Some EU countries will look at different sectors, including tourism, with huge debt burdens. However, these sectors will be severely affected.However, the EU ministers could not reach an agreement until April 4 to prevent such a situation.
For many southern countries, such as Italy, the future is frightening. Italy thinks that the EU abandoned them a second time after the immigration crisis. After the euro began, the economy of the country was moving very slowly. The country's public debt amounts to 135 per cent of GDP. Italy's populist leader Matteo Salvini is now questioning EU membership. Salvini wins the next election.
The European Commission has not been able to provide strong leadership in this crisis. Almost all important areas, including health, borders and the economy, are under national leadership. The European Central Bank (ECB) has announced a €75 billion bond purchase project. But that step is not enough. The EU must play a crucial role in the definition of monetary policy.
They want the most fragile countries to receive the bulk of the money from this project so that they can use the money for health, corporate grants, unemployment cuts and investment incentives. Germany, the Netherlands and Northern European countries have taken the opposite view.As a result, their fears will leave vulnerable countries discouraged from continuing the difficult process of reconstruction. This argument can not be rejected.
If the EU fails to adopt a unified monetary policy in the context of Covid-19, most Member States will lose credibility.
Europe could have played a role in the reduction of global damage
Shada Islam, Director of Europe and Geopolitics at the Friends of Europe Research Institute The steps that Europe is taking to deal with the crisis will determine the course of the post-pandemic world. This is not the best time for Europe. The rise of authoritarianism is evident in many parts of the world, including Hungary. The appeal of the EU as a brand has decreased as the mantra of unity appears to be vacant.
The United States does not have active leadership. The EU could play a strong role in this chaotic situation in three ways.
First, national or regional action is not enough to deal with the injury as it is global. European leaders should follow the wisdom of wise leadership at the end of the Second World War. A further Bretton Woods conference is needed to establish global economic governance. But the Western world is no longer taking the initiative in the real world.
Second, a global partnership in the health sector can be launched. The World Health Organization may be empowered to monitor the health policies adopted by governments of different countries to facilitate the exchange of information on global health-related emergencies, such as epidemics.
Third, Europe can take a coherent humanitarian initiative to assist countries such as South Asia, Sub-Saharan countries and medical or financial capacity.
In addition to debt relief, it is important to reform the prevailing support policies. The minimum income policy for the poorest people of all countries, whether rich or poor, needs to be reviewed. Remember, the world may not be fully back in today's business culture.
Restructuring of the Green New Deal Aikho Bus, Member of the European Parliament
If Europe is to find a short-and medium-term solution to the situation, this crisis will be a possibility. The integrated lock-down strategy is currently being followed. Medical supplies have become the most urgent ones. Then there are two challenges-integrated initiatives and long-term restructuring of economic means to keep liquidity going.
Risk sharing is important because the financial burden will be reduced. This will require a long-term plan for reorganization in Europe. In this case, you need to learn from the past. The EU has an unhelpful bias towards spending cuts that complicate the crisis and increase unemployment.
This time, Europe will need to work on an urgent investment basis. It has to do with climate change and the conservation of biodiversity. To survive the epidemic, Europe must move towards a sustainable economy. To this end, incentives will need to be created to stimulate a pollution-free and climate-friendly economy.
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