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'We're not Hungary,' Macron says, rejecting 'illiberal' accusations
  + stars: | 2020-12-04 | by ( Michel Rose | ) www.reuters.com sentiment -0.99   time to read: +2 min
PARIS (Reuters) - French President Emmanuel Macron on Friday rejected accusations his government had taken an illiberal turn with a contested bill to protect police officers and a crackdown on Islamist groups. FILE PHOTO: French President Emmanuel Macron gestures as he gives a speech on health research at the Necker Hospital in Paris, France December 4, 2020. Asked in an interview by the Brut website about international media branding his police plans “illiberal”, Macron said: “Today, the situation is not satisfactory but, forgive me, that doesn’t make us an authoritarian state.”“We’re not Hungary, Turkey or somesuch,” he said. Society has become more violent too, Macron said, and police had also been injured in clashes, including in Paris. “France was attacked because it defended freedom of speech,” Macron said.
Persons: Emmanuel Macron, Thomas Samson, “ illiberal, Macron, “ We’re, , , you’re, ” Macron, Samuel Paty, Prophet Muhammad Organizations: PARIS, Necker Hospital, REUTERS, Brut, , Society Locations: Paris, France, Hungary, Turkey, “ France
Take Five: The clocks are ticking down
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +5 min
(Reuters) -FILE PHOTO: A small toy figure is seen in front of a Brexit logo in this illustration picture, March 30, 2019. It also plans new legislation, potentially with more provisions overruling parts of an earlier EU withdrawal agreement. - )3/SHUTDOWNThe clock is ticking on the Dec. 11 deadline for the U.S. Congress to approve an omnibus spending bill to prevent a government shutdown. The easing cycle may be running out of steam in Peru, where central bank officials meet on Thursday. -Brazil’s Campos Neto says COVID-19 vaccine would be ‘game changer’ for economic policy - Reuters(Graphic: EM central banks pause rate cutting cycle - )
Persons: Dado Ruvic, COVID, Joe Biden’s, Donald Trump, Biden, Roberto Campos Neto, Brazil’s Campos Neto Organizations: Reuters, REUTERS, EU, ECB, U.S, Congress, Democrats, Republicans, U.S ., Trump, Traders Locations: Britain, Poland, Hungary, U.S, China, Peru
EU agrees on 2021 budget, waits for lifting of Polish, Hungarian veto
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
BRUSSELS (Reuters) - European Union governments and the European Parliament agreed on Friday on the annual EU budget for 2021, but for it to become law, Poland and Hungary will need to lift their veto of the overall 2021-2027 EU budget framework. The 2021 budget for all 27 EU countries is already built on revenue and spending limits set in the EU’s new seven-year budget, which Warsaw and Budapest do not want to accept because it links access to EU money with respecting the rule of law. “The budget for 2021 can only enter into force once the blockage on the overall EU budget and recovery package is lifted,” German ambassador to the EU Michael Clauss said. “Without this, we are looking at a drastic cut in EU funding from the beginning of next year,” he said, referring to the EU moving to a system of provisional financing, last used in 1989. Under the provisional 12ths, no new projects would get financing, only those already started under the 2014-2020 budget.
Persons: Michael Clauss, Organizations: Union, EU, , Farmers Locations: BRUSSELS, Poland, Hungary, Warsaw, Budapest, German
Portugal says "unacceptable" to block EU recovery funds
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
French Foreign Minister Jean-Yves Le Drian reacts during a meeting with his Portuguese counterpart Augusto Santos Silva in Lisbon, Portugal September 15, 2020. REUTERS/Rafael MarchanteMILAN (Reuters) - Portugal joined European Union countries condemning Poland and Hungary on Friday for holding up the bloc’s coronavirus crisis recovery package in a dispute over linking disbursal of the funds with rule of law provisions. “It is unacceptable that two member states can block a decision that is very very important and decisive for all the European Union and for the recovery of Europe, and on such an argument,” Portuguese Foreign Minister Augusto Santos Silva told an online conference in Rome. “The rule of law is one of the basic values and principles of the European Union.”Hungary and Poland have for weeks blocked the release of funds worth a total 1.85 trillion euros ($2.25 trillion) from the EU’s seven-year budget and a post-COVID development fund. They object to the bloc’s attempt to make the funds conditional on respect for the rule of law and democratic norms.
Persons: Jean, Yves Le Drian, Augusto Santos Silva, Rafael Marchante MILAN, Organizations: French, Portuguese, REUTERS, European Union, Locations: Lisbon, Portugal, Poland, Hungary, disbursal, Europe, Portuguese, Rome, ” Hungary
Swiss expand coronavirus risk quarantine list, add United States
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.72   time to read: 1 min
FILE PHOTO: A poster placed in front of check-in counters reminds passengers to wear protective masks, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Zurich, Switzerland July 14, 2020. REUTERS/Arnd WiegmannZURICH (Reuters) - Switzerland has expanded its list of countries here with a high risk of coronavirus infection from which new arrivals must quarantine themselves for 10 days, the Federal Office for Health said on Friday. The United States has been added to list, which also now includes more areas of neighbouring Italy and Austria, as well as Hungary, Poland and Portugal. It takes effect from Dec. 14.
Organizations: REUTERS, Wiegmann, Federal Office, Health, United Locations: Zurich, Switzerland, Wiegmann ZURICH, United States, Italy, Austria, Hungary, Poland, Portugal
Eastern countries hold out for more cash on EU climate deal
  + stars: | 2020-12-04 | by ( Kate Abnett | ) www.reuters.com + 0.00   time to read: +2 min
The latest draft of the climate deal, seen by Reuters, would commit the EU to cut emissions by “at least 55%” by 2030, from 1990 levels. The deal also includes a so-called “enabling framework”, sketching out a plan to deliver the goal, with assurances on EU funding and countries’ right to choose their own energy mix. EASTERN DISCOMFORTEU officials said several countries, including Poland, Hungary, the Czech Republic, Slovakia, Malta and Bulgaria, were not ready to endorse the latest text. Those include doubling an EU fund, made up of revenues from carbon trading, to help poorer countries invest in clean power. Denmark, Spain and the Netherlands are among the states pushing for a climate deal next week.
Persons: General Antonio Guterres, , Sebastian Mang Organizations: European Union, EU, Reuters, Greenpeace Locations: BRUSSELS, Paris, Poland, Hungary, Czech Republic, Slovakia, Malta, Bulgaria, , Czech, EU, Denmark, Spain, Netherlands, Britain, China
FILE PHOTO: European Commissioner for Economy Paolo Gentiloni speaks during an online news conference following a Eurogroup video conference meeting at the European Council headquarters in Brussels, Belgium November 30, 2020. Francisco Seco/Pool via REUTERS/File PhotoROME (Reuters) - The European Union will push on with its 1.8 trillion euro ($2.14 trillion) financial package to revive the bloc’s COVID-hit economy even if Hungary and Poland continue to try to veto the project, Economics Commissioner Paolo Gentiloni said on Friday. Budapest and Warsaw have vetoed the adoption of the 1.1 trillion euro 2021-2027 EU budget and the 750 billion euro Recovery Fund because the budget law included a clause which makes access to money conditional on respecting the rule of law. “We will not surrender to a veto,” Gentiloni said at a conference organised by Italian think-tank the Institute for International Political Studies, ISPI, and the foreign ministry. “The premise is we are very clear towards these member states, we will go on without them,” the former Italian prime minister said.
Persons: Paolo Gentiloni, Francisco Seco, , ” Gentiloni, Organizations: European, European Union, Institute for International Political, Eastern Locations: Brussels, Belgium, ROME, Hungary, Poland, Budapest, Warsaw, Italian
MOSCOW (Reuters) - Muscovites from high-risk groups such as healthcare workers began registering for jabs of a Russian-made COVID-19 vaccine on Friday, two days after President Vladimir Putin called for large-scale vaccinations. REUTERS/Alexey MalgavkoSputnik V, one of two Russian-made vaccines to have received regulatory approval in Russia despite clinical trials being incomplete, requires two injections. Britain is preparing in the coming days to launch its own mass innoculation programme after becoming the first country worldwide to approve Pfizer Inc’s COVID-19 vaccine. The decision to take part in Russia’s vaccine trials is voluntary, authorities say, but some public sector workers have told Reuters of pressure to take part. Russia has so far recorded 2,402,949 COVID-19 infections, taking fourth place globally behind only the United States, India and Brazil.
Persons: Vladimir Putin, Alexey Malgavko Sputnik, Sergei Sobyanin, Kirill Dmitriev, Pfizer Inc’s, Anna Popova, , Igor Krivobokov, Sergei Grishin Organizations: REUTERS, Sputnik, BBC, European Union, European Medicines Agency, Pfizer, Pfizer Inc’s COVID, TASS Locations: MOSCOW, Russian, Omsk, Russia, COVID, Moscow, Hungary, United States, India, Brazil
Hungary insists on EU budget and rule of law criteria to be separate: PM
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Slideshow ( 2 images )BUDAPEST (Reuters) - Hungary still cannot accept a clause on respecting the rule of law attached to the European Union’s budget and coronavirus recovery fund, Prime Minister Viktor Orban said on Friday, adding the political rules should be dealt with separately. He added that an explanatory declaration attached to the regulations, which prompted a senior Polish government member to say Poland might accept the package, would be unacceptable to Budapest. “For us this solution, attaching some statement like a reminder on a sticky note attached on a piece of paper, it won’t work,” Orban told public radio. He said there was no rush to get an agreement on the EU budget this year, adding if the EU does not have an agreement by January, it will have one later. “Leave the legal status quo unchanged and everything will go smoothly and quickly,” he said.
Persons: Viktor Orban, ” Orban, Orban, Organizations: , EU Locations: BUDAPEST, Hungary, Polish, Poland, Budapest, , “ Hungary, Warsaw
FILE PHOTO: Hungarian Prime Minister Viktor Orban and Polish Prime Minister Mateusz Morawiecki talk during their meeting in Budapest, Hungary, November 26, 2020. EU diplomats had discussed attaching an explanatory declaration to the funding package to make the linkage more acceptable to Budapest and Warsaw, a move initially welcomed by Poland. “For us, this solution - attaching some statement like a reminder on a sticky note attached on a piece of paper - won’t work,” Hungarian Prime Minister Viktor Orban told public radio. POLISH U-TURNSpeaking in Brussels on Thursday, Polish Deputy Prime Minister Jaroslaw Gowin said Warsaw - a major beneficiary of EU funds - understood the need for compromise. “The question is what Orban considers a higher risk,” said Zoltan Novak, an analyst at the Centre for Fair Political Analysis.
Persons: Viktor Orban, Mateusz Morawiecki, Zoltan Fischer, ” Orban, Piotr Muller, Jaroslaw Gowin, Charles Michel, , Orban, Jozsef Szajer, clambering, , Zoltan Novak Organizations: European Union, Polish, Minister's Press, REUTERS, EU, , Twitter, Fidesz Locations: BUDAPEST, Hungary, Poland, Budapest, Hungarian, REUTERS Hungary, Warsaw, “ Hungary, POLISH, Brussels
9 4,081 deaths Nov. 28 4,082 deaths Covid-19 daily deaths Spring wave of Covid-19 Fall wave Source: New York Times database. A devastating second wave has forced reluctant governments back into lockdowns or restrictions and inflicted new scars on European economies. We now know that the second wave in Europe has become deadlier than the first. Today, Poland faces a severe second wave that is straining its hospitals to the breaking point. Denmark, Finland, Iceland and Norway have kept the second wave at bay.
Persons: Rush, ” Ursula von der Leyen, Laetitia Vancon, weren’t, Cases, , Emmanuel André, Emma Hodcroft, Hodcroft, Devi Sridhar, von der Leyen, Sleepwalking, Pavel Plevka, Petr Smejkal, let's, Aneta, , Ms, Afelt, Lockdowns, Dmitry Kostyukov, Bruno Ciancio, Sridhar Organizations: New York Times, Union, European, European Centre for Disease Prevention, Greece Croatia, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania Latvia Austria Romania, Denmark, Denmark Sweden Norway Finland Ireland, European Commission, SIC, Tourists, The New York Times Research, University of Bern, Edinburgh University Medical School, , Masaryk University, The New York Times, Institute of Clinical, Medicine, Centre for Disease Prevention, Research, National, Warsaw University, Croatia, Malta, Edinburgh University Locations: United Kingdom, Iceland, Liechtenstein, Norway, Europe, United States, European Union, lockdowns, Italy, Bergamo, Greece, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania Latvia Austria, Greece Croatia Poland Slovakia Bulgaria Slovenia Hungary Malta Lithuania Latvia Austria Romania Iceland Portugal Cyprus Luxembourg Estonia Germany Italy Belgium France Netherlands Spain, Denmark Sweden Norway Finland, Belgium, Portugal, Germany, Britain, Ireland, Finland, Central, Eastern Europe, Bulgaria, , Spain, Munich, , Switzerland, Czech Republic, Brno, Prague, Poland, Hungary, Covid, Brussels, Denmark, Slovakia, Slovenia, Lithuania, Latvia, Austria, Romania, Cyprus, Luxembourg, Estonia, France, Netherlands, Kingdom, Sweden, Hodcroft
The EU could go ahead with its Covid stimulus, despite Hungary and Poland’s veto
  + stars: | 2020-12-04 | by ( Silvia Amaro | ) www.cnbc.com sentiment -0.97   time to read: +1 min
LONDON — The European Union could implement its massive coronavirus stimulus plan without Hungary and Poland, which are vetoing its budget, top EU officials have said. Hungary and Poland have vetoed the EU budget plan for 2021 through 2027 because they oppose the link between disbursing EU funds and compliance to European vales, the so-called rule-of-law mechanism. In an interview on Friday morning, the EU's budget chief, Johannes Hahn, said that Budapest and Warsaw "cannot stop us from helping our citizens," the FT reported. It comes after the EU's trade commissioner, Valdis Dombrovskis, told CNBC on Wednesday that the EU was looking at "different possible options," when asked if Hungary and Poland could be side-lined. However, pushing the budget through without the two nations could have long-term consequences that most European officials will be keen to avoid.
Persons: Ursula von der Leyen, Johannes Hahn, Valdis Dombrovskis Organizations: European Commission, Economic, LONDON, European, CNBC Locations: Davos, Switzerland, Hungary, Poland, European, Brussels, Budapest, Warsaw
BRUSSELS (Reuters) - Poland would be ready to drop its veto to the EU’s 1.8 trillion euro financial package if EU leaders endorse an explanatory declaration on the link between EU funds and the rule of law, Poland’s deputy Prime Minister Jaroslaw Gowin said on Thursday. FILE PHOTO: Poland's Minister of Science and Higher Education and Deputy Prime-Minister Jaroslaw Gowin speaks to journalists at the Parliament in Warsaw, Poland, April 6, 2020. Slawomir Kaminski/Agencja Gazeta via REUTERSSpeaking to reporters after meeting several top EU Commission officials Gowin said Poland realised that a veto to the EU budget for 2021-2027 and the fund would hurt Poland and other EU countries financially. Such a compromise is possible ... through a binding declaration interpreting (the rule of law regulation),” he said, adding such a declaration would have to be adopted by EU leaders. “A possible veto would not only trigger the provisional budget, but also something that my interlocutors called Plan B ... which is some form of cooperation between the 25 other countries,” Gowin said.
Persons: Jaroslaw Gowin, Slawomir Kaminski, Gowin, ” Gowin, , Organizations: Science, Higher Education, Gazeta, REUTERS, EU, European Council Locations: BRUSSELS, Poland, Warsaw, Hungary
Factbox: Not so Merry Christmas looms for coronavirus-hit Europe
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
(Reuters) - Governments across Europe are trying to navigate between avoiding spreading the coronavirus over the Christmas holiday season and allowing people to celebrate with family and friends. FILE PHOTO: Christmas illuminations are pictured at Tauentzienstrasse shopping boulevard, amid the coronavirus disease (COVID-19) outbreak in Berlin, Germany, December 1, 2020. The government decided last month that ski resorts would be closed over the Christmas and New Year period. BELGIUMBelgian households will only be able to be in close contact with one extra person over Christmas, Prime Minister Alexander De Croo said. Housing Secretary Robert Jenrick said he was relaxing rules to allow shops to stay open for longer over Christmas and in January.
Persons: Fabrizio Bensch, Erna Solberg, Alexander De Croo, Micheal Martin, Angela Merkel, Robert Jenrick Organizations: Reuters, REUTERS, Austrian, BRITAIN, Housing Locations: Europe, Berlin, Germany, SPAIN, ITALY, NORWAY, AUSTRIA, FRANCE, France, BELGIUM Belgian, IRELAND, GERMANY, POLAND, United Kingdom, Hungary, Portugal, Netherlands
Poland should act to stop LGBTI intolerance, says Council of Europe
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
WARSAW (Reuters) - Polish politicians should stop stigmatising LGBTI people, the Council of Europe Commissioner for Human Rights said in a memorandum published on Thursday, adding that such behaviour risked legitimising homophobic violence. Pro-LGBT demonstrators hold a giant rainbow flag during a protest against hatred towards LGBT people, in the centre of Warsaw, Poland, August 30, 2020. POLAND OUT. In written comments in response to the memorandum, the Polish government rejected the criticism. Poland and Hungary are under formal EU investigation for undermining the independence of courts, media and non-governmental organisations.
Persons: stigmatising, Kuba, Dunja Mijatovic, , Virgin Mary Organizations: of, Human Rights, Gazeta, POLAND, Law and Justice Locations: WARSAW, Warsaw, Poland, POLAND, Polish, Hungary
Risk appetite was also boosted by optimism about recent developments towards the roll-out of COVID-19 vaccines. The moves in the euro are largely due to dollar weakness, rather than idiosyncratic euro drivers, ING strategists wrote in a note. The European Union is embroiled in a dispute with members Hungary and Poland over its budget and COVID-19 recovery fund. The announcement of the recovery fund plan saw the euro surge earlier this year. The Australian dollar - seen as a liquid proxy for risk - was up 0.2% at 0.74275, its strongest since 2018.
Persons: George Washington, Dado Ruvic, Joe Biden, , Esther Reichelt Organizations: REUTERS, Pfizer, ING, European, Australian, Swiss, Irish Locations: Washington, United States, COVID, Hungary, Poland, Europe
Dollar plumbs two-year lows; Aussie and Kiwi stabilise
  + stars: | 2020-12-03 | by ( Elizabeth Howcroft | ) www.reuters.com + 0.00   time to read: +4 min
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. The dollar fell, hitting as low as 90.834 versus a basket of currencies - its lowest since April 2018. The moves in the euro are largely due to dollar weakness, rather than euro drivers, ING strategists wrote in a note. The European Union is embroiled in a dispute with members Hungary and Poland over its budget and COVID-19 recovery fund. The kiwi dollar also held near recent highs, up 0.1% on the day at 0.7072.
Persons: Thomas White, Joel Kruger, ” Kruger, Biden, LMAX Group’s Kruger, Esther Reichelt Organizations: Pfizer, LMAX Group, Federal Reserve, European Central Bank, ECB, ING, Deutsche Bank, European, Australian, Swiss Locations: Washington, United States, COVID, China, Hungary, Poland, Britain
Gold rises to over 1-week high on sagging dollar
  + stars: | 2020-12-03 | by ( ) www.cnbc.com sentiment -1.00   time to read: +1 min
An Argor-Heraeus SA branded two hundred and fifty gram gold bar, center, sits in this arranged photograph at Solar Capital Gold Zrt. Gold rose to an over one-week high on Thursday as the dollar weakened on hopes of coronavirus vaccine rollouts, while investors also weighed the possibility of more U.S. stimulus. Spot gold rose 0.2% to $1,835.37 per ounce by 0402 GMT. U.S. gold futures were up 0.5% at $1,838.60. Optimism over a stimulus deal and vaccine progress favored riskier assets and pushed the U.S. dollar to a near 2-1/2-year low.
Persons: Michael Langford, Sandu, Phillip Futures Organizations: Heraeus SA, Solar, U.S, Congressional Republicans, Democrats, ., Health, Pfizer, Phillip Locations: Budapest, Hungary, United States
EU faces dangerous dilemma over financing battle
  + stars: | 2020-12-02 | by ( Jan Strupczewski | ) www.reuters.com + 0.00   time to read: +5 min
The rule linking access to EU money with respect for the rule of law does not require unanimity, so Poland and Hungary can be easily outvoted. The deadline for agreeing on the 2021 budget is Dec. 7. Governments would have to pay into the EU budget based on their gross national income. A European Commission official said this would allow the recovery fund to apply to 25 countries, leaving Poland and Hungary out. Fund money could start flowing around mid-2021, as originally planned.
Persons: Yves Herman, Erasmus Organizations: European Commission, REUTERS, EU, SECOND, Farmers, European, Britain Locations: BRUSSELS, Brussels, Belgium, Warsaw, Budapest, Poland, Hungary
One of biggest 2021 risks is market crowding: NN CIO
  + stars: | 2020-12-02 | by ( Mike Dolan | ) www.reuters.com + 0.00   time to read: +3 min
LONDON (Reuters) - One of the biggest risks to the bullish equity market consensus for next year is that investors are all leaning the same way and market overcrowding could stall the rally early on, NN Investment Partners’ Chief Investment Officer said. FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. “We are strong believers in the evolution of markets and behaviour of our peers is something we monitor very closely,” he said. Disappointment on either U.S. or European fiscal policy was another potential risk to a market that has already priced in considerable expectations. Assumptions a new U.S. administration will immediately ease tensions with China may also be wide of the mark, he said.
Persons: Carlo Allegri, van Nieuwenhuijzen, , Van Nieuwenhuijzen Organizations: Partners, REUTERS, Reuters Global Investment Outlook, Reuters, European Union, Big Tech Locations: Manhattan, New York City , New York, U.S, Germany, United States, Hungary, Poland, China
A top-ranking official in Hungary’s ultraconservative government has stepped down after being caught fleeing an alleged gay sex party. József Szájer announced his resignation as a member of the European Parliament for Prime Minister Viktor Orbán’s Fidesz party on Sunday. According to the Times of London, others arrested at the party included diplomats linked to the conservative European People’s Party, of which Szájer was vice-chair and chief whip. A founding member of Fidesz, Szájer was the head of the party’s delegation to the European Parliament and served on its legal affairs committee. “The Fidesz European Parliament delegation under his leadership voted significantly more progressively than did his fellow party members back in Hungary,” Dombos said.
Persons: József Szájer, Viktor Orbán’s, , ” Szájer, Szájer, , , Szájer’s, Tunde, Tamás Dombos, ” Dombos, Dombos, Borkai, Gábor Kaleta, Fidesz doesn't Organizations: Parliament, Belgian, La, Times, European People’s Party, “ Police, European Union, Constitutional, National Judiciary Office, Fidesz, Fundamental, NBC, Budapest Pride, Fidesz European, Momentum Movement, Olympic, Reuters, Twitter, Facebook Locations: Brussels, Belgian, London, Hungary, Poland, Győr, Budapest, Fidesz, Hungarian
STOCKHOLM (Reuters) - Spare a thought for this year’s Nobel Prize winners. FILE PHOTO: German astrophysicist Reinhard Genzel, director of the Max Planck Institute for Extraterrestrial Physics, reacts following the announcement he wins the 2020 Nobel Prize for Physics in Garching near Munich, Germany, October 6, 2020. Reinhard Genzel, the German astrophysicist who shared the physics prize this year with Britain’s Roger Penrose and American Andrea Ghez for discoveries about black holes, was not losing too much sleep. It will be beamed from Stockholm City Hall to Nobel Prize digital channels. All may not be lost, however, for laureates who want to taste some of the pomp and ceremony of normal times.
Persons: Reinhard Genzel, Max Planck, Andreas Gebert, , Rebecka Oxelstrom, Britain’s Roger Penrose, Andrea Ghez, “ I’m, , ” Oxelstrom, Louise Gluck, Michael Houghton, David Beasley, Olav Njolstad, ” Njolstad Organizations: Max Planck Institute, Extraterrestrial, REUTERS, Nobel Foundation, Reuters, Norwegian Nobel Institute, Chancellery, Stockholm, Stockholm City Hall Locations: STOCKHOLM, Garching, Munich, Germany, Europe, Stockholm, Oslo, Swedish, Norwegian, Bavarian, Soviet, Hungary, Rome
FILE PHOTO: German Finance Minister Olaf Scholz holds a virtual news conference in Berlin, Germany, November 27, 2020. Kay Nietfeld/Pool via REUTERSBERLIN (Reuters) - European Union member states will soon agree on a disputed rule-of-law mechanism linked to the bloc’s recovery plan as all countries, including Poland and Hungary, would benefit from its approval, German Finance Minister Olaf Scholz said on Tuesday. “For me, this is a question where it’s important to belong to those who never give up. And that is why I remain confident that we will soon be able to come to an agreement,” Scholz as current EU chair told reporters following a virtual meeting of EU finance ministers. “I am sure that no one will be so unwise as to prevent decisions from being made now,” Scholz said.
Persons: Olaf Scholz, Kay Nietfeld, ” Scholz, Organizations: German, REUTERS BERLIN, Union Locations: Berlin, Germany, Poland, Hungary
Germany's Scholz: No EU country would be "so unwise" as to block recovery plan
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.93   time to read: +2 min
FILE PHOTO: German Finance Minister Olaf Scholz holds a virtual news conference in Berlin, Germany, November 27, 2020. “For me, this is a question where it’s important to belong to those who never give up,” Scholz as current EU chair told reporters following a virtual meeting of EU finance ministers. “I am sure that no one will be so unwise as to prevent decisions from being made now,” Scholz said. Asked whether EU finance ministers had discussed a ‘Plan B’ in case Poland and Hungary would stick to their veto, Scholz said that trust in European leaders was needed now. Because you wouldn’t need Plan As if you only had Plan Bs.”European lawmakers have suggested that the remaining 25 EU members states could push ahead with their recovery plan if Poland and Hungary remained opposed.
Persons: Olaf Scholz, Kay Nietfeld, Angela Merkel, ” Scholz, Scholz, Organizations: BERLIN, Union, German, REUTERS, European Union Locations: Poland, Hungary, Berlin, Germany, REUTERS Poland, Brussels, EU
George Soros has changed his mind on Europe amid doubts over the future of the EU
  + stars: | 2020-12-01 | by ( Silvia Amaro | ) www.cnbc.com sentiment -1.00   time to read: +1 min
LONDON — George Soros has changed his mind about how the European Union should finance the costs of the coronavirus pandemic, warning investors have now lost faith the political bloc will survive. The billionaire investor had previously said the EU should issue "perpetual bonds" — meaning the principal amount of the money borrowed would never be repaid, only the annual interest payments. Perpetual bonds are also designed to allow the region to fund projects at very low costs. "Right now, it would be impossible for the EU to issue perpetual bonds, because the member states are too divided," Soros wrote in an opinion article on Monday. The standoff has no clear end in sight and it questions the future of the EU, where many important decisions need to be taken by consensus.
Persons: George Soros, Soros Organizations: European Union, EU Locations: European, Poland, Hungary
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