Mereja.Forum

[DefendTheTruth]

Our world is sustained on the premis that we (the inhabitants of the planet) go out and produce and then consume the yield thereof. If we can't cover-up our needs by just our own production, then we go to market and buy the extra needs to supplement our own production to cover our needs. We also sell part of the surplus of our own productions on the market to cover our own extra expense and bying power. This is what sustained the world from individual house-holds upto national economies.


This system is now greatly halted and there is no end in sight for when the system could resume functioning again.

The major part of Europe is under lockdown, productions and services are told to halt, export and import are told to halt, households are told not to go out and go after their businesses.

Trillions of dollars are released into the circulation of the financial market, without any outlook to produce the goods and services that the extra money is going to be spent on.

Financial markets are wiped off of their market value gains over many years in just few weeks, many business are facing existential threats, households are facing similar threats, millions have lost their jobs, panicking has overtaken the whole population of the earth. Those who have money are hoarding what is available on the market. Supply chain is disrupted, and no one can say when this disruption may end.

The Alarm Bell of the disease dubbed COVID-19 by WHO and reportedly caused by corona-virus, a novel virus for which there is no medication for therapy and immunization so far, is being rang every hours or so world wide. It is said to have a FCR (fatality-case rate) of 3 - 4 %, but the side effect is going to have its toll on a much bigger proportion of the general population, the foundation of world existence is under threat.

The other premise of our sustained economic system is that we go out and start the production process which will become a yield over the next year, which implies that if we don't produce this year, then there will be no supply the coming year, almost in all sectors of the world economic system.

Italy as the first country in the world announced the halt of "non-essential production", on top of the already halted/disrupted supply chain. People's life is under threat, if not by the disease itself by the side-effect of the epidemic (pandemic) and policies crafted to handle it.

We are currently help-less, the alarm bell should also be rang now on the possiblle side-effects of this pandemic.

More transparency is needed in my view, we should be able to learn more about such a big issue affecting the whole world, and prepare ourselves accordingly.

[DefendTheTruth]

Like Europe’s debt crisis a decade ago and the politically divisive influx of refugees that began in 2015, unified leadership has been in short supply. Helmed by an inexperienced team of EU commissioners in Brussels, the bloc did agree to close its outside borders as a way to protect visa-free travel within the EU.

[DefendTheTruth]

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[DefendTheTruth]

For many Africans, Ethiopian Airlines has been a symbol of what is possible on this continent if there is a plan and less corruption; within a very short time, the airline became the fourth largest in the world in terms of the number of international destinations served. Now it is facing ruin and with it Ethiopia's economy, which is dependent on the airline's foreign currency as a source, based on google-translation service.

God vorbid that.

[DefendTheTruth]

When it comes to the solidarity of nations of the world, Europe didn't even stand with Italy, or didn't stand with it sufficiently enough, a member state of the union, at its time of need as one of the worst hit countries in the world by the COVID-19 pandemic. China offered more help to Italy in terms of sending in expertise and material supports, early enough than Germany which came in very late and just undertook some air-lifting exercises of critically ill patients while Italy was pleading for help to everyone else, at the time of its needs.

Germany, one of the richest countries in the world allocated over 1.2 Trillions of Euro in subsidizing (bailing out) its economy at the time of crisis, while giving just 5 Million Euro to WHO to support Africa cope with the same crisis.

Germany's population is around 80 Million, while that of Africa as a continent is over 1.3 Billion.

Germany is not committed to assist Africa in any way, but it is also not asked too much to have a fair deal on international issues and world trade and related issues between the nations of this world.

If they can't defeat the pandemic globally, it could come back and haunt them again, most likely. So, such a support could be not considered just give take, rather possibly a win-win situation for all.

[EthioRedSea]

Qomal banda ascari, who are you to tell the world about civilisation? Dedeb baria, slave. You are colonized mentally and you are a slave of Italy, fighting against Ethiopia. World civilisation is intact!

[LeeVanCliff]

Very interesting and good analysis.

[DefendTheTruth]

Qomal banda ascari, who are you to tell the world about civilisation? Dedeb baria, slave. You are colonized mentally and you are a slave of Italy, fighting against Ethiopia. World civilisation is intact!

Aangoo dheebotanii dhabuun dhumni ishi kana, marachuu malee kan biraa hin qabdu, ykn. of-ajjeesuu, kanaaf garuu honnee hin qabdu malee.

You are one of the scar of world-civilization, and you can't see if it is intact or not intact.

Galtuu!

[DefendTheTruth]

The European Union (EU) is facing the first ever practical existence test of its whole history with the current on-going pandemic, Mrs Angela Merkel, Germany's Chancellor.

She has also reportedly said that her own country is facing one major serious challanges since the II WW, in another address to her nation.