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World With Merkel at the Helm, Europe Faces a Crisis With Many Fronts

07:15  01 july  2020
07:15  01 july  2020 Source:   bloomberg.com

“Guiding principles” in the coalition committee: Groko wants to overcome the corona crisis in the EU presidency

 “Guiding principles” in the coalition committee: Groko wants to overcome the corona crisis in the EU presidency At the coalition committee, the parties of the grand coalition agreed on “guiding principles” for the EU presidency. © Photo: Sandra Steins-BPA / CDU / dpa The coalition committee with distance rules on June 22, The black-red coalition sees the permanent overcoming of the corona pandemic and the economic recovery in Europe as the central task of the German EU Council Presidency . The coalition leaders agreed on Monday evening in the Chancellery.

Merkel ’s call for a more independent and sovereign EU is partly directed at China. The German leader has struggled to make progress on an Merkel will also have to grapple with a crisis close to home: The accounting scandal that brought down Wirecard AG, which has laid bare significant cracks in

Most tourists who have thus far been detected with the virus are asymptomatic, adding to the Our UK coronavirus live blog is now up and running, with Aamna Mohdin at the helm While accessing healthcare has been a challenge faced by older populations during the crisis , the pandemic has also

(Bloomberg) -- For a leader who has steered Europe through two economic meltdowns, a migration crisis and a simmering showdown with Russia, Angela Merkel’s final act as German chancellor may be her biggest performance yet.

Germany takes over the European Union’s rotating six-month presidency Wednesday as the 27-member bloc’s economy is forecast to contract 7.4%, the U.K. has left the bloc, and countries continue to struggle with the coronavirus. And that’s on top of an expected trade escalation with the U.S. that could involve new tariffs on billions of dollars of EU exports.

Angela Merkel et al. in a room: Germany's Chancellor Angela Merkel Addresses Bundestag © Bloomberg Germany's Chancellor Angela Merkel Addresses Bundestag

Angela Merkel speaks in Berlin on June 18.

The CDU and Europe: The Union's dependence on the Chancellor

 The CDU and Europe: The Union's dependence on the Chancellor Perhaps a CSU candidate for Chancellor would be the best way out for the CDU. But that would be a humiliation. So the Union must continue to hope for Angela Merkel. A comment. © Photo: dpa The Union depends on them. Chancellor Angela Merkel (CDU). This will not be an easy half year for the CDU. Not because Chancellor Angela Merkel blows the wind shortly before the start of her EU Council Presidency.

Most tourists who have thus far been detected with the virus are asymptomatic, adding to the Our UK coronavirus live blog is now up and running, with Aamna Mohdin at the helm While accessing healthcare has been a challenge faced by older populations during the crisis , the pandemic has also

Most tourists who have thus far been detected with the virus are asymptomatic, adding to the Our UK coronavirus live blog is now up and running, with Aamna Mohdin at the helm While accessing healthcare has been a challenge faced by older populations during the crisis , the pandemic has also

Photographer: Krisztian Bocsi/Bloomberg

“We’re aware that Germany’s presidency comes with great expectations,” Merkel said in a weekly podcast Saturday. Here is what’s on her mind.

Coming back from the pandemic and the fear of a second wave

Merkel plays a key role in passing a radical EU-wide stimulus package that would see the bloc issue as much as 750 billion euros ($841 billion) in joint debt to be used by the countries most affected by the pandemic.

The recovery plan will dominate the first month of her presidency and will be made all the more complicated by the financial hole left by Britain’s departure.

EU relaunch: Angela Merkel and Emmanuel Macron push for an agreement from July

 EU relaunch: Angela Merkel and Emmanuel Macron push for an agreement from July "We hope that we will find a solution (from the European Council on 17-18 July), even if there is still a long way to go", a argues the German leader. © Hayoung JEON / POOL / AFP Angela Merkel and Emmanuel Macron on June 29, 2020 Angela Merkel and Emmanuel Macron urged European countries, in particular the "frugal", on Monday to reach an agreement at the July European summit in on the relaunch of the EU , weakened by the coronavirus pandemic.

Most tourists who have thus far been detected with the virus are asymptomatic, adding to the Our UK coronavirus live blog is now up and running, with Aamna Mohdin at the helm While accessing healthcare has been a challenge faced by older populations during the crisis , the pandemic has also

Most tourists who have thus far been detected with the virus are asymptomatic, adding to the Our UK coronavirus live blog is now up and running, with Aamna Mohdin at the helm While accessing healthcare has been a challenge faced by older populations during the crisis , the pandemic has also

Agreement needs to be unanimous and will require high-level trade offs in order to bridge diverging positions, with nations split across north, south and east. The final compromise will need to address both the economic impact of the pandemic and the distortions it has caused in the EU’s single market, while maintaining a vital flow of funds to the bloc’s poorest regions.

How Europe is moving ever closer to joint borrowing.

And at the back of every leader’s mind is the nagging worry that there will be another onslaught of infections just as people were letting their guard down, re-opening borders and trying to resume something approaching normalcy.

What to do when the EU is stuck between China and the U.S.

Merkel’s call for a more independent and sovereign EU is partly directed at China. The German leader has struggled to make progress on an investment-protection agreement, which she wanted to make the centerpiece of an EU-China summit that had been planned for September.

Germany's Merkel warns that coronavirus pandemic is not yet over

  Germany's Merkel warns that coronavirus pandemic is not yet over Germany's Merkel warns that coronavirus pandemic is not yet over"We see every day that the virus is not gone," she said in a joint press conference with European Commission President Ursula von der Leyen on Thursday, adding that the pandemic was testing Europe's ability to stick together.

EU crisis : Panicked Merkel admits nightmare unifying post-Brexit bloc as crisis erupts. With Brussels on the brink of chaos, the veteran leader will be at the helm of the EU’s decision-making Europe is facing its worst recession since the end of the Second World War after governments were

Chancellor Angela Merkel should use her turn at the helm to usher in a Hamiltonian epoch, says Melinda Crane. In mid-March, as the coronavirus spread with a vengeance through Europe , Merkel issued a stark warning: This is the greatest challenge the EU has ever faced A crisis presidency.

Germany is weighing China’s rise as a superpower amid concern about the competitiveness of European industries. Merkel’s government wants to tackle one of the sacred cows of EU policy: independent antitrust oversight of company behavior and dealmaking to allow governments to discuss merger control between companies.

There is then the U.S. election to try and anticipate the actions of an unpredictable president in full campaign mode. Donald Trump has an uneasy personal relationship with Merkel and does not see eye to eye with the EU on many issues from Iran to trade and virus management (the EU has said U.S. tourists are not welcome). Will Merkel prep for confrontation or hold back, waiting to see who wins in November?

World Leaders Face Dilemma: Deal With Trump or Hang On for Biden

But supply chains have been disrupted and trade cannot wait

The EU’s trade agenda is full of risks and pitfalls as the bloc grapples with the pandemic. This year, European policy makers will simultaneously wrestle with make-or-break Brexit negotiations that could roil European supply chains and the slow and steady implosion of the multilateral trading system. There is also a U.S. administration dead-set on hiking European tariffs in an election year.

Merkel Sees Duty to Work With Trump as He Tries to Gather G-7

  Merkel Sees Duty to Work With Trump as He Tries to Gather G-7 Would Angela Merkel acquiesce to Donald Trump’s call to meet in person at a Group of Seven summit in the U.S.? She might have annoyed the president in hesitating, but the German chancellor finally has an answer. © Photographer: Pool/Getty Images Europe BERLIN, GERMANY - JUNE 03: German Chancellor Angela Merkel speaks to the media following negotiations between the three parties, who make up the current German coalition government, over a federal aid package during the coronavirus crisis on June 3, 2020 in Berlin, Germany.

Angela Merkel may be running out of road after 12 years at the helm in Germany. Germany has had only eight chancellors in the seven decades since World War II, but Merkel ’s move to take in more than 1 million asylum seekers in 2015 and 2016 spurred a backlash in elections held in September.

Emmanuel Macron and Angela Merkel meet ahead of Germany taking on the EU's rotating presidency - Copyright AP Photos. Yesterday, Angela Merkel and Emmanuel Macron met in Meseberg, north of Berlin, for their first face -to- face encounter in months.

Then there is a commitment to an ambitious green deal

The pandemic brought Europe to its knees, but the EU is channelling billions toward fighting climate change, and sees it as crucial to an economic recovery.

Everything you need to know about the EU’s Green Deal.

The biggest challenge for Germany will be ensuring governments reach an initial agreement on a draft law to make irreversible the goal to achieve climate neutrality by 2050. The difficulty is to overcome national differences on issues ranging from energy sources to industrial strength and advance work on the costly clean transition at a time when money is scarce.

Saying goodbye to an old friend

While the EU presidency doesn’t have a huge impact on Brexit negotiations, the fact the U.K. needs a deal during Germany’s six-month term does give Merkel an added incentive to knock some heads together and the Brits have always looked to Merkel to make a difference. Talks have made little progress since March and that’s not a state of affairs that Merkel will want to continue.

While she isn’t going to accept a deal at any cost -- she won’t want anything that undermines the EU’s single market -- she’ll do all she can to get a trade agreement with Britain before the end of the year. It’s part of her legacy.

Merkel makes first masked appearance to ward off criticism

  Merkel makes first masked appearance to ward off criticism Merkel makes first masked appearance to ward off criticismMerkel entered the Bundesrat, the upper house of parliament, wearing a black mask marked with EU2020.de, a website dedicated to Germany's six-month presidency of the European Union which started on July 1.

For Merkel, there is a wild card: Wirecard

Merkel will also have to grapple with a crisis close to home: The accounting scandal that brought down Wirecard AG, which has laid bare significant cracks in Germany’s financial oversight.

The German leader has so far been mum after one of the biggest corporate failures in decades. Even with ample warning, German authorities failed to catch accounting issues at the digital-payments company. Slow decision-making, insufficient oversight and fragmented responsibilities created cracks that allowed the company’s problems to go undetected by officials.

Brussels will call for a probe into Germany’s banking regulator and that is when it stops becoming just a German problem, but a European one too.

Read More...
Merkel Throws Her Support Behind Radical European Recovery PlanEurope Finds It’s Not So Easy to Say Goodbye to Low-Cost ChinaU.S. Targets $3.1 Billion of EU and U.K. Imports for New TariffsAs Wind Power Grows in Europe, So Does Resistance From LocalsGermany to Revamp Financial Oversight After Wirecard Damage

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©2020 Bloomberg L.P.

For Angela Merkel, the Covid-19 will mark the German presidency of the EU .
© Yves Herman, AFP The German chancellor presented her roadmap to MEPs on Wednesday 8 July. The Covid-19 pandemic and the resulting economic crisis will shape the six months of the German presidency as head of the European Union, Chancellor Angela Merkel said at a roadmap press conference for the coming months. While Germany took the rotating presidency of the European Union, Angela Merkel delivered her vision of her role in the months to come at a press conference Wednesday July 8.

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