Latvia, a small country on the eastern coast of the Baltic Sea, has so far been one of the least affected by the virus. Foreign Policy is looking into the phenomenon. Here is my take-away from the article. It appears that a medical crisis has helped Latvia resolve its identity crisis and enhanced the public’s sense of safety, as well as the feeling that the national government cares about its citizens.
Slowly entering a post-lockdown phase, one starts to assess the costs of the antivirus measures. Sweden is expected to limit the damage its economy will inevitably suffer due to the post-COVID19 recession. The country is unique in Europe not only due to its “easy” lockdown but also because of some much more fundamental choices nearly impossible for most other countries to replicate.
Good news from Germany. The authorities have decided to start exiting the pandemic lockdown as of early May. Volkswagen is re-opening its German plants.
The virus lockdown, if not hermetic, allows us to move around. Walking reboots the mind and opens it for creativity, new ideas or deep reflections. Walk, think, be creative. Just keep the distance and stay safe!
The COVID-19 pandemic is far from over. And it is far from being the only one or the scariest one in this line-up.
The hardest-hit member countries, businesses and people will get help. So decided the finance ministers on Thursday, 9 April. The half-trillion-euro deal will be channelled to the corona victims using three vehicles: the ESM, the EIB and a new employment initiative called “Sure”. The “coronavirus” bonds are still off the table.
Worrying about the future. Some say emotionally intelligent people don’t do that. Worrying about the future means living in denial about the fundamentally uncertain nature of life. And emotionally intelligent people don’t do denial. Here is my takeaway from an article by Nick Wignall published on Medium.com.
The Nordic Investment Bank’s (NIB) inaugural EUR 1 billion Response Bond has been listed on NASDAQ Helsinki. The proceeds will help deal with the post-corona recession in the Nordics-Baltics.
Congrats Austria! Austria to ease the mobility ban in a week’s time. Balancing public and economic health is the next hardest challenge in the battle against the virus. Right after saving lives.
One cannot defy a virus, but one can and must defy the panic and that standstill that is dragging us into a recession that will prove a much traumatic experience for a huge part of the society, eventually everyone. I hope that a week of good Easter weather will show that the spike in the spread of the virus has nothing to do with people willing to get back to normal.