the presidency passes to Germany today, but watch out for these crisis fronts

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Today, Wednesday 1 July 2020, the EU Council Presidency officially passed into the hands of Germany and of Angela Merkel.

For the German Chancellor, who has not wavered during two economic collapses, a migration crisis and much more, the current one could be the challenge greater than his mandate.

In fact, Europe is currently going through a difficult phase, in which several fronts of crisis have opened up. Managing them will not be easy for a Germany among other things grappling with one of the worst financial scandals of modern times, that of Wirecard.

EU Presidency in Germany: all fronts of crisis

There situation European currently appears anything but simple. The economy is shrinking, the UK is pursuing its Brexit, the coronavirus is still advancing (albeit at a slower pace in many countries) and tensions with the US have already feared the arrival of new tariffs against the Old World.

The first month of the German presidency will perhaps be the most complex for Merkel to deal with Extraordinary European Council scheduled for the days of 17 and 18 June.

On that occasion Germany will have to defend its ideas on the sword Recovery Fund and will have to free itself from the oppositions of the frugal countries (Denmark, Sweden, Holland and Austria).

The discussions on Brexit. The United Kingdom and the EU will have to find a trade agreement by the end of the year (transition period) otherwise relations between the parties will again become subject to WTO rules.

It will not be easy, also because the Old Continent must simultaneously carry on its battle against the coronavirus that several months after its appearance has not yet been completely eradicated.

In recent weeks, however, the European Union has not been the only one to have shaken the COVID-19 emergency. Donald Trump in fact, it threatened the introduction of new duties against the EU in the midst of the Airbus-Boeing clash on state aid.

In short, the issues that Merkel will have to face now that the presidency of the EU Council has passed to Germany will be manifold and will not concern only the blockade in its entirety. Internal problems, like those concerning the Wirecard scandal, will continue to shake Berlin.

The Merkel program

Germany has already announced the program it intends to follow during its presidency to the EU Council. This, we read on the European institutional sites, will be based on some main guidelines:

  • overcoming the crisis from coronavirus;
  • economic and social recovery long-term;
  • greater solidity, innovation and fairness Europe;
  • focus on sustainability;
  • beware of common security and values;
  • strengthening of the European position in the world.

Germany’s EU presidency will last until December 31, 2021, when Merkel passes the ball to Portugal.



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https://www.money.it/UE-presidenza-a-Germania-tutti-i-fronti-di-crisi-aperti

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