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Straightway into the enormous

13 Avril 2020 , Rédigé par Madeleine Staeheli Toualbia Publié dans #clip hébdomaire

Stopping important economic activities over wide areas as a consequence of the corona crisis and enterprises demanding financial support from the state's budget or from funds will lead inquestioningly, as a last consequence on a long term, to a collapse - after economy, banks, e.g. in Italy, still struggles with consequences of the financial crisis, in the European Union always with an impact on the budget because of the financial equalization for the member states. Italy was hit badly by Covid-19 (it is possible that chinese enterprises, some of them producing in the black market, are one of the reasons). The more: Countries in emerging markets hit by the virus desease will need more financial aid from their western partners. The International Monetary Fund (IMF), e.g., was saying at Al Jazeera (Bloomberg) that it has 1 trillion dollars of reserve funds, while Ted Truman of the Peterson Institute for International Economics calculated that the maximum available for new lending lies at 787 billion dollars, is saying Al Jazeera (Bloomberg). Developing countries will need trillions of dollars in external financing to fight the virus, and while able to finance parts on their own, they still will need hundreds of billions of dollars (see "'Make or break': IMF, World Bank to chart virus fight this week", http://www.aljazeera.com, 2020/4/13). The way out might be to get back to work.

update: 16:38

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