Facing the biggest economic crisis in the EU's history, the European Commission's president, Ursula von der Leyen, pulled out all the stops this week, unveiling an unprecedented plan to boost the union's post-coronavirus recovery.
The plan: The EU would go to international capital markets to raise 750 billion euros ($830 billion). 500 billion of that would be given to member states as grants to fund economic recovery over the next seven years; the remainder would be issued as loans to be paid back to Brussels. The EU would pay back its bondholders for the full 750 billion plus interest by 2058, in part by raising new EU-wide taxes on tech companies and emissions.
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"A lot of people are going to die until we solve the political situation," one Brazilian medical expert said recently when asked about the deteriorating public health situation in that country. For months, Brazil has been one of the countries hardest hit by the coronavirus pandemic, steered by a President who has repeatedly dismissed the severity of the virus and rejected calls to implement a national social distancing policy. To date, two Brazilian health ministers have either resigned or been fired for pushing back against President Jair Bolsonaro's denialism. Meanwhile, Brazil has emerged as a global epicenter of COVID-19, with almost 27,000 deaths, though health experts believe the real toll is way higher. Here's a look at Brazil's surging daily death toll since it first recorded more than 10 deaths in one day back in March.
Watch GZERO World as host Ian Bremmer talks to acclaimed foreign policy expert Richard Haass, president of the Council on Foreign Relations and author of "The World: A Brief Introduction." Haass explains that while the COVID-19 pandemic has impacted every aspect of life as we know it, the major issues confronting geopolitics in the 21st Century already existed.