The Strategist
World & Politics

Lagarde: German Bundesbank is obliged to participate in QE to bail out economy - 05/20/2020

The European Central Bank (ECB) intends to force Germany to save the European economy by buying up government bonds of different countries of the eurozone, said ECB Head Christine Lagarde. According to her, the Bundesbank is obliged to participate in the general program of quantitative easing (QE) and cannot express objections in this regard, even despite the decisions of the German national...

France, Germany initiate creation of €500B EU economic recovery fund - 05/19/2020

On Monday, May 18, French and German leaders Emmanuel Macron and Angela Merkel announced creation of an interim fund for economic recovery in the EU with an initial capital of € 500 billion. It is expected that following discussions with other EU member states, this amount will be doubled. Coupled with measures already announced at the national and European levels, this will allow restarting the...

India to allow private investment in all sectors of economy - 05/18/2020

The Indian government will allow private companies to invest in all sectors of the economy, even those that were previously reserved only for state-owned companies, said Finance Minister Nirmala Sitharaman on Sunday. "The new Independent India program will rely on the new policy of public sector enterprises. In strategic sectors, at least one enterprise will remain under state control, but the...

Thailand ponders introduction of entry tourist tax - 05/14/2020

Thai authorities are pondering introduction of a new tax for tourists who come in the country after the coronavirus pandemic. The fee is planned to be included in the airfare. Once the pandemic ends, all tourists arriving in Thailand may be required to pay a fee of up to 300 baht ($ 9.28), the Bangkok Post reported. The tax for those who fly by plane will probably be included in the price of air...

Japan goes back to normal life, loosens lockdown - 05/13/2020

On Thursday, the Japanese government will announce early easing of the emergency regime, which was supposed to last to May 31 in most prefectures. A return to normal life ahead of schedule was made possible thanks to encouraging statistics on sick and recovered people. To speed up the easing of the restrictions, the local authorities intend to approve the use of a new rapid test that can detect...

France urges citizens to be ready for second lockdown - 05/12/2020

Jean Castex, a coordinator of the strategy of lifting the COVID-19-related restrictions in France's, warned that there could be a second isolation. “Emergency re-isolation must be envisaged,” Castex wrote in a report published on the first day of relaxing the restrictions on the coronavirus epidemic in France. He called for ensuring reversibility of measures introduced in the country with...

Saudi Arabia loses $ 27B in reserves, raises taxes - 05/12/2020

Oil wars with prices falling to the levels of the 1990s and the coronavirus pandemic brought Saudi Arabia to a crisis of public finances. According to the results of March, the gold and foreign exchange reserves of the kingdom fell by $ 27 billion - a record for 20 years of available statistics, and their total volume shrank to $ 464 billion - the lowest since 2011, reports AlJazeera. A third...

India extends lockdown to the end of May - 05/06/2020

The six-week self-isolation regime in India, which was due to end on Monday, will run until May 25. The decision to extend the quarantine for another two weeks is caused by disappointing statistics from the epidemic. Despite the strict lockdown introduced at the end of March, the number of cases in the first May days has been record. However, the regime of self-isolation will become more...

Asian Development Bank allocates $ 1.5B to India to fight COVID-19 - 04/29/2020

On Tuesday, the Asian Development Bank (ADB) allocated a loan of $ 1.5 billion to India to fight coronavirus, localize and prevent diseases, and protect the poor and economically vulnerable sectors of the society, the bank said. "ADB is fully committed to supporting the Government of India in responding to this unprecedented challenge. The Quick Disbursement Fund is part of a broader support...

EC: Eurozone GDP decline may reach 7.5% in 2020 - 04/28/2020

Decline in the eurozone economy due to the fight against the pandemic of the new coronavirus this year may be close to the figure previously expected by the International Monetary Fund (IMF), that is, 7.5%, said European Commissioner for Economics Paolo Gentiloni, speaking at a meeting of the profile committee of the European Parliament. "It is clear that a deep recession is inevitable in Europe...
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