Human & Economic Corona

There are two powerful tsunamis currently sweeping humans: the healthy tsunami and the economic one.

As for the first kind, its treatment started by applying the phrase "stay in your homes" in most of countries, including America and Britain, which did not believe in the seriousness of the issue.

This phrase "stay in your homes" today, constitutes an urgent and serious call to millions of people in different countries of the world, as it is the most effective solution to prevent the spread of Corona virus that has claimed more than 9000 lives until writing these words, and more than half of them outside its main origin; China, especially in Italy.

This European country has become the largest center of the virus spread in the continent, and has the highest death and infection tolls, something explained by scientists in certain factors, most notably the life expectancy, health system, and policy for counting casualties and deaths.

We can notice that the mortality rate is much higher in countries whose people are older, than in younger rates countries.

In a study published on the website of the World Economic Forum, one of the researchers at Oxford University, Mrs. Jennifer Daoud, pointed out to "a strong correlation between demography and mortality in relation to Covid-19".

She called for social distancing measures in order to slow the spread of the virus; and stressed that "the virus is very fatal to the elderly people."

From here, we deduce what is going on in Italy, where the aging factor is. Scientifically, the most severe symptoms appear in the elderly and people who suffer mainly from diseases, and therefore it is logical that the number of deaths among those affected is higher in Italy than in other countries, as the population of this country is the most aging in the world after Japan.

Another factor is the large family, which is considered a pillar of society in this country. Grandparents bring their grandchildren from school, guard them, and possibly do shopping for their children between the ages of thirty and forty years, exposing themselves seriously to infection. It seems that the epidemic surprised the country before it was able to prepare to counter it, unlike other countries.

Hospitals quickly exhausted their capabilities, and doctors were forced to make difficult choices among patients who were more responsive to treatment.

This is on the one hand. on the other hand, the phrase "stay in your homes", might save human lives, but will never save the economy, and this is a natural thing. Hence the global economic crisis, which started to be visible for everyone, speculates following months of difficulties.

The Corona virus has recently driven down financial markets in Europe and the United States. The Paris, Frankfurt, Madrid, London and Milan markets witnessed a decline of more than 10%, while trading was suspended on the Wall Street in New York for 15 minutes after falling by more than 7%.

In the past few days, the European Commission issued a statement saying that it has approved a French plan to secure corporate loans with a total value of 300 billion euros to counter the economic effects of the virus.

In a statement by the commission, it was stated that this support was approved by the French state "in accordance with the new time-frame for state aid", which gives flexibility to the European Union rules in order to confront the economic repercussions of the epidemic.

French Finance Minister Bruno Le Maire indicated that the French guarantee announced by President Emmanuel Macron on March 16th includes "all bank loans".

He added that this procedure "aims to ensure the maintenance of the liquidity of companies. And the commission added in its statement that "the French measures ... are coping with the conditions mentioned in the temporary time-frame" because it "provides guarantees for loans whose value and duration are limited.

It  described the measures as "necessary, appropriate and proportionate to counter  the major turmoil in the economy." The European Union announced the suspension of the rules that control the budget, in an unprecedented measure.

My solid conviction is that these two tsunamis will inevitably leave grave implications for human lives and the world economies and would change many things, with political, economic, social, ethical and medical aspects, but also will make health and its investments priorities for governments.

This will also change the relationships among countries and among peoples and societies and, typically, relationships inside the political public sphere.