France and Germany have just held a joint cabinet meeting, with signals of an end to the frosty years in their bilateral ties. Following the promising handshakes, however, much remains to be done to bridge differences and jointly strengthen and shape a new future for Europe.

The German Government has recently announced its largest investment initiative in decades, worth 631 billion EUR over three years, aimed at revitalising the economy after two consecutive years of recession. The “Made for Germany” initiative focuses on key sectors such as manufacturing, research and development, and national infrastructure.

The survey results released by S&P Global on April 21, showed positive signs for the Eurozone’s economy, as the zone’s economy made a breakthrough in April and reached the highest level in the past 11 months. Europe’s economic picture appeared with many bright spots that can help this area escape from the risk of widespread economic recession and continue its recovery despite many difficulties.

UK Finance Minister Jeremy Hunt has just said the Office for Budget Responsibility (OBR), confirmed that the UK economy is currently in a recession. British officials said the country's economy is paying the price for leaving "the common roof of Europe".

Inflation in the Eurozone has hit a record. In the context that the US Federal Reserve (FED) has just raised interest rates, the old continent is likely to make the same move.

Experts warned that the new COVID-19 outbreaks will return this winter when vaccination rates slow down and epidemic prevention measures are no longer mandatory in many places.