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Frugal Four
The Frugal Four is the nickname of an informal cooperation among like-minded fiscally conservative European countries, including Austria, Denmark, the Netherlands and Sweden. It partly evolved as a successor of the New Hanseatic League that was set up to make up for the loss of the like-minded United Kingdom in the European political arena after Brexit. However, it was never founded as a transnational organisation like similar cooperations of countries in the European Union with shared interests. Along with like-minded Germany, the ''Frugal Four'' advocate for EU budget rebates and tight fiscal policies in the eurozone governed by the Stability and Growth Pact, and generally advocate against a large distributive European budget and collective EU debt. They are, however, not Eurosceptic. The ''Frugal Four'' experienced widespread media coverage throughout the COVID-19 pandemic in Europe. Position In an op-ed by Austria's former chancellor Sebastian Kurz published in the Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In Europe
The global COVID-19 pandemic arrived in Europe with its first confirmed case in Bordeaux, France, on 24 January 2020, and subsequently spread widely across the continent. By 17 March 2020, every country in Europe had confirmed a case, and all have reported at least one death, with the exception of Vatican City. Italy was the first European country to experience a major outbreak in early 2020, becoming the first country worldwide to introduce a national lockdown. By 13 March 2020, the World Health Organization (WHO) declared Europe the epicentre of the pandemic and it remained so until the WHO announced it was overtaken by South America on 22 May. By 18 March 2020, lockdowns introduced in Europe affected more than 250 million people. Despite deployment of COVID-19 vaccines, Europe became the pandemic's epicentre once again in late 2021. On 11 January 2022, Dr. Hans Kluge, the WHO Regional Director for Europe said, "more than 50 percent of the population in the region w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of The Netherlands
The prime minister of the Netherlands ( nl, Minister-president van Nederland) is the head of the executive branch of the Government of the Netherlands. Although the monarch is the ''de jure'' head of government, the prime minister ''de facto'' occupies this role as the officeholder chairs the Council of Ministers and coordinates its policy with the rest of the cabinet. The current prime minister has been Mark Rutte since 14 October 2010, whose fourth cabinet was inaugurated on 10 January 2022. History Gradually the prime minister became an official function of government leader, taken by the political leader of the largest party. Since 1845, the role of the first minister is relevant. In that year the Constitution of the Netherlands was amended to make ministers responsible to the States General and no longer responsible to the king, who acted as the leader of cabinet. Until 1901, the position chair of the Council of Ministers officially rotated between ministers. Between 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Rutte
Mark Rutte (; born 14 February 1967) is a Dutch politician who has served as Prime Minister of the Netherlands since 2010 and Leader of the People's Party for Freedom and Democracy (VVD) since 2006. After a business career working for Unilever, Rutte entered politics in 2002 on his appointment as State Secretary for Social Affairs and Employment by Prime Minister Jan Peter Balkenende of the Christian Democratic Appeal (CDA), after a coalition agreement guaranteed the VVD several seats in his cabinet. Rutte was subsequently elected to the House of Representatives at the 2003 election. In 2004, he became State Secretary for Education, Culture and Science in the second Balkenende cabinet. After municipal elections in 2006 saw heavy losses for the VVD, the party's leader, Jozias van Aartsen, announced his resignation. Rutte stood in the subsequent leadership election; he was elected on 31 May, resigning from his cabinet post shortly afterwards. Rutte led the VVD into the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Denmark
The prime minister of Denmark ( da, Danmarks statsminister, fo, Forsætisráðharri, kl, Ministeriuneq) is the head of government in the Kingdom of Denmark comprising the three constituent countries: Denmark, Greenland and the Faroe Islands. Before the creation of the modern office, the kingdom did not initially have a head of government separate from its head of state, namely the monarch, in whom the executive authority was vested. The Constitution of 1849 established a constitutional monarchy by limiting the powers of the monarch and creating the office of . The inaugural holder of the office was Adam Wilhelm Moltke. The prime minister presides over a cabinet that is formally appointed by the monarch. In practice, the appointment of the prime minister is determined by his or her support in the Folketing (the National Parliament). Since the beginning of the 20th century, no single party has held a majority in the Folketing so the prime minister must head a coalition of po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mette Frederiksen
Mette Frederiksen (; born 19 November 1977) is a Danish politician who has been Prime Minister of Denmark since June 2019, and Leader of the Social Democrats since June 2015. The second woman to hold either office, she is also the youngest prime minister in Danish history. Besides a brief career as a trade unionist (2000–2001), Frederiksen has never had any employment outside politics. She was first elected to the Folketing in the 2001 general election, representing Copenhagen County. After the Social Democrats won the 2011 general election, she was appointed Minister of Employment by Prime Minister Helle Thorning-Schmidt. She was promoted to Minister of Justice in 2014. After the Social Democrats' narrow defeat in the 2015 general election, Thorning-Schmidt stood down, and Frederiksen won the subsequent leadership election to replace her, becoming Leader of the Opposition.. Accessed on 29 June 2019. Frederiksen led her party into the 2019 general election, which result ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of Austria
The chancellor of the Republic of Austria () is the head of government of the Republic of Austria. The position corresponds to that of Prime Minister in several other parliamentary democracies. Current officeholder is Karl Nehammer of the Austrian People's Party (ÖVP), who was sworn in on 6 December 2021 following the resignations of Sebastian Kurz and Alexander Schallenberg, of the same party, as party leader and Chancellor. All three leaders formed a government with the Green Party, the first coalition between these two parties at the federal level. Brigitte Bierlein was the Second Republic's first , forming a nonpartisan caretaker government between a vote of no confidence in Kurz's first government in June 2019 and the formation of his second in January 2020. The chancellor's place in Austria's political system Austria's chancellor chairs and leads the cabinet, which is composed of the chancellor, the vice chancellor and the ministers. Together with the president, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Nehammer
Karl Nehammer (; born 18 October 1972) is an Austrian politician who is the 32nd and current Chancellor of Austria since 6 December 2021. A member of the Austrian People's Party (ÖVP), he previously was Minister of the Interior from 2020 to 2021, general secretary of the ÖVP from 2018 to 2020, as well as a member of the National Council from 2017 to 2020. Nehammer assumed the chancellorship as the successor of Alexander Schallenberg, who resigned to return as Minister of Foreign Affairs. Early life and education Nehammer grew up in Vienna, where he attended Kalksburg College and Amerlingstrasse Grammar School, graduating in 1992. He completed his military service as a one-year volunteer with further service until 1996. In 1997 he was discharged as a lieutenant. He then worked as an instructional trainer for information officers for the Federal Ministry of Defence and as a trainer for strategic communication for various institutions, such as the Vocational Promotion Institute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corona Bonds
Next Generation EU (NGEU, also called the European Union Recovery Instrument) is a European Union (EU) economic recovery package to support the EU member states to recover from the COVID-19 pandemic, in particular those that have been particularly hard hit. Agreed in principle by the European Council on 21 July 2020 and adopted on 14 December 2020, the instrument is worth . NGEU will operate from 2021 to 2026, and will be tied to the regular 2021–2027 budget of the EU's Multiannual Financial Framework (MFF). The comprehensive NGEU and MFF packages are projected to reach €1824.3 billion. Background Europe was struck by its initial wave of the COVID-19 pandemic in March 2020. The first-hit and the hardest-hit country in the EU was Italy, which promptly placed its contaminated zones in lockdown, putting health concerns over financial ones. Gradually, the other member states encountered the first wave of the pandemic; and by 17 March 2020 all member states had reporte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurobond (eurozone)
Eurobonds or stability bonds were proposed government bonds to be issued in euros jointly by the European Union's 19 eurozone states. The idea was first raised by the Barroso European Commission in 2011 during the 2009–2012 European sovereign debt crisis. Eurobonds would be debt investments whereby an investor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to the eurozone bloc altogether, which then forwards the money to individual governments. The proposal was floated again in 2020 as a potential response to the impacts of the COVID-19 pandemic in Europe, leading such debt issue to be dubbed "corona bonds". Eurobonds have been suggested as a way to tackle the 2009–2012 European debt crisis as the indebted states could borrow new funds at better conditions as they are supported by the rating of the non-crisis states. Because Eurobonds would allow already highly indebted states access to cheaper credit thanks to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Change
In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to Earth's climate. The current rise in global average temperature is more rapid than previous changes, and is primarily caused by humans burning fossil fuels. Fossil fuel use, deforestation, and some agricultural and industrial practices increase greenhouse gases, notably carbon dioxide and methane. Greenhouse gases absorb some of the heat that the Earth radiates after it warms from sunlight. Larger amounts of these gases trap more heat in Earth's lower atmosphere, causing global warming. Due to climate change, deserts are expanding, while heat waves and wildfires are becoming more common. Increased warming in the Arctic has contributed to melting permafrost, glacial retreat and sea ice loss. Higher temperatures are also causing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross National Income
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. Comparison of GNI and GDP \math ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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