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.
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.
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.