What’s in France’s €100 Billion Stimulus

Emmanuel Macron
French president Emmanuel Macron answers a question from a reporter in Helsinki, Finland, August 30, 2018 (Office of the President of the Republic of Finland/Juhani Kandell)

France has unveiled a $100 billion stimulus program, worth 4 percent of GDP over two years, to help its economy recover from the effects of COVID-19.

The money is split almost equally between support for businesses, investments in the green economy, and health and social programs. It comes on top of the €460 billion France has spent on exemptions from social charges, furlough subsidies and soft loans to keep businesses afloat.

France is counting on the EU to provide 40 percent of the money from its €750 billion recovery fund. Read more “What’s in France’s €100 Billion Stimulus”

Pressure Mounts on Merkel to Cancel Nord Stream 2

Vladimir Putin Angela Merkel
Russian president Vladimir Putin speaks with German chancellor Angela Merkel in Moscow, May 10, 2015 (Kremlin)

Pressure is mounting on Chancellor Angela Merkel to cancel the almost-completed Nord Stream 2 pipeline, which could double Russian gas exports to Germany.

Merkel has accused the Russian government of poisoning opposition leader Alexei Navalny, who is recuperating in a Berlin hospital.

The obvious response, her critics say, would be to withdraw from a €10 billion project that makes Germany — Europe’s largest gas importer — more dependent on Russia. Read more “Pressure Mounts on Merkel to Cancel Nord Stream 2”

Sánchez Can’t Put Off Catalans Indefinitely

Pedro Sánchez
Pedro Sánchez addresses a conference of the Spanish Socialist Workers’ Party January 30, 2016 (PSOE)

Spanish prime minister Pedro Sánchez needs to make good on his promise to open dialogue with the Catalan regional government.

Talks about more autonomy were put on hold when the COVID-19 pandemic reached Spain in March. Now that it looks like the country will have to live with coronavirus for many more months, Sánchez cannot delay indefinitely.

Catalonia is due to hold elections before the end of the year. If the Republican Left, the more moderate of the separatist parties, doesn’t have anything to show for bringing Sánchez, a fellow social democrat, to power in Madrid, hardliners could win in Barcelona and make a negotiated solution even more elusive. Read more “Sánchez Can’t Put Off Catalans Indefinitely”

Turkey Lashes Out at Allies in Mediterranean Border Dispute

Recep Tayyip Erdoğan
Turkish president Recep Tayyip Erdoğan attends a Victory Day ceremony in Ankara, August 30 (Presidency of the Republic of Turkey)

Tensions in the Eastern Mediterranean show no sign of easing.

Turkey’s Recep Tayyip Erdoğan has accused the EU of “modern-day colonialism” for supporting Greek claims in the region.

His government has accused the United States of violating the “spirit” of the NATO alliance by lifting an arms embargo on Cyprus.

Greece and Turkey are both in NATO, but they have a history of antagonism and overlapping maritime border claims. Those long-standing disputes have been rekindled by the discovery of national gas in waters around Cyprus, the northern half of which Turkey recognizes as an independent republic. Read more “Turkey Lashes Out at Allies in Mediterranean Border Dispute”

Setback for Montenegro’s Strongman

Milo Đukanović
Montenegrin president Milo Đukanović meets with NATO secretary general Jens Stoltenberg in Brussels, June 9 (NATO)

The Democratic Party of Socialists (DPS) has lost power in Montenegro after thirty years to an alliance of left- and right-wing parties, finally giving the Balkan country a chance at a free and more equal future.

Pro-Serbian opposition leader Zdravko Krivokapić announced, “The regime has fallen.”

Although DPS leader Milo Đukanović remains president until 2023, his party will be in opposition for the first time since the introduction of multiparty democracy in 1990.

It fell to 35 percent support in the election on Sunday, giving it thirty out of 81 seats in parliament. Krivokapić’s For the Future of Montenegro, Peace Is Our Nation and United Reform Action won a combined 51 percent and 41 seats. Read more “Setback for Montenegro’s Strongman”

Dutch Extend COVID Aid for Businesses

The Hague Netherlands
Dutch government offices and parliament buildings in The Hague (iStock/Fotolupa)

The Dutch government has extended support for companies and self-employed workers struggling as a result of COVID-19 until July 2021, although some policies are becoming less generous.

The thinking, reports the national broadcaster NOS, is that firms shouldn’t be subsidized if they aren’t viable long term and workers in sectors with job losses should be coaxed into reskilling.

The measures will cost almost €39 billion this year. The Dutch economy is projected to shrink 6.4 percent. Read more “Dutch Extend COVID Aid for Businesses”

Why Germany “Deserves” American Troops

American C-130J Super Hercules transport aircraft
Two American C-130J Super Hercules transport aircraft fly in formation over Germany, May 27, 2014 (USAF/Jordan Castelan)

Victor Davis Hanson writes in National Review that Germany “cuts deals with Russia, has never met its NATO commitment and is the most anti-American nation in Europe.” So why, he wonders, should the United States anchor its defense?

He could have asked that question at any point in the last seventy years. Read more “Why Germany “Deserves” American Troops”

Lukashenko Shouldn’t Expect Russia’s Help

Vladimir Putin
Russian president Vladimir Putin listens during a meeting in Voronezh, August 5, 2014 (Kremlin)

Alexander Lukashenko could have gone down in history as the father of the Belarusian state. Now “Europe’s last dictator” is on his last leg. A rigged election has unleashed unprecedented protests.

Desperate, Lukashenko has turned to his ally, Vladimir Putin, for help. Belarusian state media report that Russia has promised to provide military assistance if Lukashenko asks for it. This has sparked speculation that Russia might intervene in Belarus much as it did in Ukraine when its Russia-friendly president, Viktor Yanukovich, was ousted in 2014.

That doesn’t seem likely. In fact, Russia may be better off with Lukashenko gone. Read more “Lukashenko Shouldn’t Expect Russia’s Help”

Singapore-on-Thames Is Unlikely

London England
The sun rises over London, England (Uncoated)

With the Brexit transition period ending in just four months, concern is rising that the United Kingdom might crash out of the EU’s common market and customs regime without a deal.

Not everyone is worried. Prime Minister Boris Johnson’s predecessor, Theresa May, argued it “wouldn’t be the end of the world” if Britain left without a deal. Right-wing economists are looking forward to setting “attractive tax rates” once the United Kingdom is free of the EU’s grasp. The UK, they believe, could become a “Singapore-on-Thames”, gain a “competitive advantage” over the EU and draw businesses and investment away from continental Europe.

That is unlikely. Read more “Singapore-on-Thames Is Unlikely”

France Deploys Warships as Tensions with Turkey Rise

NATO warships Aegean Sea
NATO warships conduct maneuvers in the Aegean Sea (Bundeswehr)

France is boosting its military presence in the Eastern Mediterranean to reinforce Cypriot and Greek claims in the area and protect the activities of its energy giant Total.

The helicopter carrier Tonnerre, which is taking aid to Lebanon following the fertilizer explosion in Beirut, and the frigate La Fayette, which is training with the Greek navy, will remain in the area.

Two French Rafale warplanes will be based in Crete.

The deployments come after the Charles de Gaulle aircraft carrier patrolled the region earlier this year, and in response to the appearance of Turkish drill ships and frigates in disputed waters.

Turkish warships have in the past blocked Western drilling rigs in waters around Cyprus. Read more “France Deploys Warships as Tensions with Turkey Rise”