Your Daily Scan of the New Global Economy

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Germany
Euro Bonds or Bust?: Europe Struggling to Find a Joint Approach to the Corona Catastrophe Faced with a growing economic crisis, many European Union member states are clamoring for the introduction of so-called corona bonds. Just like it was in the euro crisis, though, Germany is opposed. In the end, Berlin may not have a...
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Germany Must Abandon Its Rejection of Eurobonds The German government’s rejection of eurobonds is selfish, small-minded and cowardly. Existing mechanisms will not be enough to contain the crisis we are facing. We need to act now. Posted: April 3, 2020 4:08 pm by SPIEGEL Online
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“Italy Is Expecting a Collective Response to This Pain” In an interview, Italian Foreign Minister Luigi Di Maio calls for greater solidarity among Europeans and for the EU to come up with an aid package comparable to the one recently passed in the United States. Posted: April 3, 2020 4:04 pm by SPIEGEL Online
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Coronavirus lockdown impacts small business in Britain The coronavirus lockdown in the UK has left many British workers unable to do their jobs. The promise of government help has brought comfort to some, but others still fear for their survival, as Robert Watts reports. Posted: April 3, 2020 11:15 am by DW.com
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As the coronavirus triggers a global economic crisis, just how bad could it get? The spread of the new coronavirus and COVID-19 has had a profound effect on the global economy in a staggeringly short space of time. The longer-term impact depends on how quickly the virus can be tackled. Posted: April 3, 2020 8:17...
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Coronavirus oil shock prompts Trump's about-face The US president is seeking ways to prop up oil prices, even calling on Riyadh and Moscow to end their price war. It’s a remarkable U-turn for Trump, who once likened the oil price slump to a "tax cut" for US consumers. Posted: April 3, 2020 7:48 am by...
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Lufthansa CEO on How Coronavirus Has Radically Upended the Aviation Industry The coronavirus pandemic has inflicted massive damage on the aviation industry. But Lufthansa CEO Carsten Spohr says that the German flag carrier is in a good position to survive, even if it will take several years for the industry to recover. Posted: April 2,...
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Corona: How People Around the World Are Supporting Each Other The coronavirus is forcing us to keep our distance from other people. Yet these extraordinary times have also brought forth moments of warmth and solidarity. People are offering each other words of encouragement and banding together to fight their loneliness. Posted: April 2, 2020 12:48...
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US: Fighting coronavirus-induced debt with two trillion-dollar supercoins? The United States is going to spend trillions of dollars to cushion the impact of the coronavirus spread, but the nation is already steeped in debt. Could two trillion-dollar coins resolve the problem as if by magic? Posted: April 2, 2020 11:07 am by DW.com
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Developing countries brace for bigger blow than 2008 crisis The virus has yet to arrive at full strength in developing countries, but poor health care facilities and weak finances point to grim times ahead. For most, the pandemic already rivals the 2008 global financial crisis. Posted: April 2, 2020 7:11 am by DW.com
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