The Economist Continental Europe Edition

The Economist Continental Europe Edition May 30, 2020

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The Economist is the premier source for the analysis of world business and current affairs, providing authoritative insight and opinion on international news, world politics, business, finance, science and technology, as well as overviews of cultural trends and regular Special reports on industries and countries.

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The Economist Newspaper Limited - Europe
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1 мин.
coronavirus briefs

Countries in the Americas are the new centre of the pandemic, according to the WHO. Infections and deaths in Mexico have doubled over the past two weeks. Brazil now has the world’s second-highest number of cases, prompting the United States (more than 100,000 deaths) to ban non-American travellers who have been to the country. Russia has also reported sharp increases in confirmed cases and deaths over two weeks; the actual numbers are thought to be much higher. Spain revised its death toll down by more than 1,900 because of “duplicates” and wrongly attributed deaths. A test-and-trace system was introduced in England. India resumed domestic flights, amid much confusion at airports about whether planes would be allowed to land in certain states. For our latest coverage of the virus and its consequences please visit coronavirus…

7 мин.
the world this week

Politics Protests erupted in Hong Kong after an announcement that the National People’s Congress, China’s rubber-stamp parliament, would impose a national-security law on the territory. The demonstrations were also fuelled by a proposal in the city’s legislature to make insulting China’s national anthem a crime. Mike Pompeo, America’s secretary of state, said that the “facts on the ground” showed that Hong Kong was no longer autonomous. This could pave the way for American action, including possibly treating the territory the same as the rest of China for trade and other purposes. At the opening of the National People’s Congress in Beijing, the government abandoned a GDP target for the first time. The economy shrank by 6.8% in the first quarter. A border dispute between India and China appeared to intensify. China reportedly sent…

5 мин.
the american way

AMERICA HAS passed a grim milestone: 100,000 deaths from a novel coronavirus that began to spread half a year and half a world away. Many Americans think their president has handled the epidemic disastrously, that their country has been hit uniquely hard and that there is a simple causal relationship between the two. The 100,000, which does not include excess deaths mistakenly attributed to other causes, is higher than any other country’s. It has routinely been compared with the 60,000 American casualties in the Vietnam war. A Trump Death Clock in Times Square purports to show how many lives the president’s ineptitude has cost: as we went to press it stood at 60,262. Yet this widespread conviction that America has failed because of Donald Trump is not supported by the…

5 мин.
dragon strike

THE PEOPLE of Hong Kong want two things: to choose how they are governed, and to be subject to the rule of law. The Chinese Communist Party finds both ideas so frightening that many expected it to send troops to crush last year’s vast protests in Hong Kong. Instead, it bided its time. Now, with the world distracted by covid-19 and mass protests difficult because of social distancing, it has chosen a quieter way to show who’s boss. That threatens a broader reckoning with the world—and not just over Hong Kong, but also over the South China Sea and Taiwan. On May 21st China declared, in effect, that Hong Kongers deemed to pose a threat to the party will become subject to the party’s wrath. A new security law, written in…

3 мин.
a €2trn loophole

A BILLION OR two here, a giant government cheque there: the money doled out by European governments to support businesses is starting to add up. Some €2trn ($2.2trn) or so has been earmarked to keep firms afloat. The early beneficiaries included bakeries, bookshops and the like. Now it is increasingly the turn of corporate titans. This week France announced an €8bn package to support its carmakers, including a large loan to Renault. Lufthansa is negotiating a €9bn bail-out from Germany which may involve the state taking a 20% stake. Now the taps are open, more blue-chip bail-outs are expected. In normal times such state aid is all but banned by the European Union to ensure a level playing field for firms across the bloc (see Europe section). The idea is to…

3 мин.
summer break

TOURISM IS THE most popular and least controversial form of globalisation. For those travelling abroad it promises an infinite variety of pleasures, from admiring Titians in Venice to sipping piña coladas in Goa. For the host countries it brings in cash—lots of it. The industry accounts for 7% of world exports and 330m jobs. But business is on pause (see International section). Ticket sales at Angkor Wat in Cambodia are down by 99.5% compared with last year and countless Mediterranean sunbeds lie empty. Around the world a vital question is being asked: what will happen to the summer holidays? The answer is that tourism will be back—but not in exactly the same form, and only if NIMBYS and governments don’t spoil the fun. Over the past half-century the travel industry has…