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.
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”
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”
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”
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?
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.
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.
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.