Residents of Kvarner and Istria sent a public appeal to the Government of the Republic of Slovenia

first_imgAfter Istrian counties and cities, and residents of Kvarner and Istria with their Slovenian friends sent a public appeal to the Government of the Republic of Slovenia to change the approach to measures related to the entry into Slovenia of Slovenian and other citizens coming from Croatia. We socialize and cooperate in a way that preserves our health, but also our good relations. Please consider the possibility of monitoring and classifying the Kvarner and Istria regions separately, regardless of the situation in the whole of Croatia. Stay in Kvarner and in Istria can be checked in the e visitor registration system and via the mobile application “Stop Covid -19”. Finally, they conclude that omitting Istria and Kvarner from mandatory measures related to high-risk areas will help its citizens, our friends connected with Kvarner and Istria, and add a new “wind in the back” to better relations between Slovenia and Croatia now and in the future. “In these regions, the prescribed anti-epidemiological measures are conscientiously implemented, people are responsible and disciplined. That’s why we all feel safe here. Kvarner and Istria border directly with the Republic of Slovenia, the people who live here are firmly connected on both sides of the border. Families live in our two countries, people travel to work across the border every day. The traffic to Slovenia of the inhabitants of Kvarner and Istria is intensive due to the purchase of various goods, due to the use of various services as well as the traffic of the inhabitants of Slovenia to Kvarner and Istria for the same reasons. Joint EU projects from various spheres of interest are also being implemented in this area. Slovenians have their own houses and boats in Kvarner and Istria, together with friends from Croatia they go fishing, sailing, arranging the maintenance of real estate and movables. Finally, we are aware of the dangers and conscientious and responsible people who adhere to mandatory anti-epidemiological measures. All this is confirmed by the results of positive for Covid 19 virus in Kvarner and Istria and disease transmission on both sides of the border. We hold that there is no valid reason for Kvarner and Istria to be included in the red zone of danger of infection with the Covid 19 virus.”State in their public appeal the residents of Kvarner and Istria, which is spreading on social networks. In their appeal, they believe that the classification of the whole of Croatia in the red zone is not correct or justified, especially the Kvarner and Istria regions, since the entire duration of the Covid 19 virus pandemic recorded low numbers of infected people and added: Photo: Kvarner.hrlast_img read more

Asset managers calm over risk of contagion from Greek election

first_imgEuropean asset managers have remained calm in the face of a potentially unstable Greek election result as the new party aims to renegotiate bailout terms.Yesterday, the left-of-centre and anti-austerity party Syriza won 149 seats in Greece’s 300-seat Parliament, falling just short of being able to form a majority government.Syriza, led by Alexis Tsipras, has now formed a coalition government with the Independent Greek party after it won 17 seats, with renegotiations with the Troika – the name given to the European Central Bank (ECB), International Monetary Fund (IMF) and European Commission (EC) – at the top of its agenda.The negotiations relate to restructuring the debt from Troika bailouts of the Greek government and banks, thereby allowing the government to scale back unpopular austerity measures. Greek GDP has fallen by more than 30% since the onset of the financial crisis, with equity markets falling 90% since 2007.Fidelity head of European equities, Paras Anand said Tsipras was likely to restructure the debt agreements to free the Greek economy from a “seemingly endless period of contraction.”He said much would be made of the threat to euro-zone stability from the left-leaning party’s plans, but that he expected the impact to be modest.“Syriza has repeatedly stated a desire to remain within the single currency,” he said. “The emphasis of key creditors within the euro-zone has already shifted from austerity to reform, and Syriza may find greater support from the mainstream European parties than its ‘radical’ tag would suggest.”Anand also said the risk of contagion to other euro-zone economies was limited given the uniqueness of the Greek situation and the tightening of yields across the euro-zone.Data from Bloomberg showed the yield on 10-year government bonds has risen since the election result, from 8.39% to 8.72%, but was still lower than the 10.68% seen earlier this month, a 15-month high.However, contagion risk in Spain and Italy seems limited, with yields continuing to trade much lower in the wake of the ECB’s quantitative easing announcement.Spanish 10-year government bonds are trading at 1.36%, falling from 1.53% since the ECB action, and more than half the yield from 12 months previous.Italy’s 10-year bonds paint a similar picture.“It is worth taking a step back and reflecting that the financial sector across Europe is in a significantly more robust position today than it was at the last ‘peak’ of the sovereign crisis in 2011,” Anand added.Meanwhile, Rob Burnett, investment director at Neptune’s European opportunities fund, argued that Syriza had no incentive to cause further turmoil in Greece.“Tspiras is taking power, with Greece having just registered its first quarter of GDP growth in seven years, and he is aware he has a tremendous opportunity to gather the plaudits as the economy recovers,” he said.“We expect Syriza’s negotiation with the Troika, comprising the ECB, the European Commission and the International Monetary Fund, will be difficult, but all sides are incentivised to come up with a face-saving compromise.”Viktor Nossek, research director at WisdomTree, said QE was likely to protect Spain and Italy from contagion, and preclude fiscal easing in these countries and Greece.“A compromise struck between the Troika and Greece is [also] likely to stabilise the euro as it dissipates contagion risk to Italy and Spain,” he said. “Nevertheless, a compromise should impact sentiment in Greece’s bond markets negatively.“Pressure on Greece’s bonds to fall further is likely. At risk, too, are Greek bank stocks that hold government debt of Greece.”last_img read more

Chelsea could go 11 clear in EPL

first_imgA win for Antonio Conte’s side would put them 11-points clear at the top. Elsewhere Crystal Palace host Middlesbrough, Everton play Sunderland, Hull go up against Burnley and West Brom are at home to Bournemouth. The evening game sees Watford take on West Ham at 5.30.last_img