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The European stability mechanism and overcoming the coronavirus crisis

Will the European Stability Mechanism be enough to help the member states overcome the crisis?

No, but it will be an essential part of the solution. But there is an ongoing discussion, not entirely easy. And there will be a combination of different instruments, the European Stability Mechanism, there will be, most probably, quite a lot through the regular EU budget that would be augmented. There's the European Investment Bank and there are all of the instruments at the disposal of the European Central Bank. So, a lot of bazookas will be needed to handle this crisis.

What are the challenges and opportunities for Europe in this particular crisis?

Well I can go on for quite some time over that one. The challenges, of course, to first to fight the virus and then to engineer and help member states with a recovery that is credible and that is lasting and that will be demanding in itself. The opportunity, perhaps it is an opportunity to take the global leadership on and say, the health issues. Where the United States clearly doesn't want to do it. And the credibility of Chinese has been somewhat dented by what's been happening. So that's one possibility.

Empathy and listening are key to establishing harmonious relationships, as demonstrated by Callista Azogu, GM of Human Resources & Organization for Nigerian Agip Oil Company (NAOC), an Eni subsidiary in Abuja. "To build trust is very difficult. To destroy it is very easy," says Callista, whose busy days involve everything from personnel issues to union relationships. She sees great potential for her native Nigeria not only because of the country's natural resources, but because of its vibrant and creative people.

Learn more about Callista in this episode of Faces of Eni.

For the world's wealthiest nations, including the United States, the rollout of COVID-19 vaccine has been rocky, to say the least. And as a result, much of the developing world will have to wait even longer for their turn. Part of the challenge, World Bank President David Malpass says, is that "advanced economies have reserved a lot of the vaccine doses." Malpass sat down with Ian Bremmer recently to talk about what his organization is doing to try to keep millions around the world from slipping deeper into poverty during the pandemic. Their conversation was part of the latest episode of GZERO World.

Saturday will mark the beginning of an historic turning point for European politics as 1,001 voting members of Germany's Christian Democratic Union, the party of Chancellor Angela Merkel, hold an online conference to elect a new leader.

Here are the basic facts:

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For the first time in twenty years, extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on GZERO World to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.

Joe Biden wants to move into the White House, but the coast isn't clear. He may need some bleach.

Watch more PUPPET REGIME here.

The GZERO World Podcast with Ian Bremmer. Listen now.


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