In Davos, Macron urges joint European debt to invest in ‘future’

In Davos, Macron urges joint European debt to invest in ‘future’
In Davos, Macron urges joint European debt to invest in ‘future’

Thank you for reading the news about In Davos, Macron urges joint European debt to invest in ‘future’ and now with the details

Jeddah - Yasmine El Tohamy - DAVOS: Geopolitical divides are hampering efforts to tackle issues like the climate crisis and unregulated developments in artificial intelligence, the UN secretary-general said on Wednesday.

In his address at the World Economic Forum in Davos, Antonio Guterres said that while the worsening climate crisis and AI-related risks were discussed at length at global and regional forums, the world lacked an effective strategy to deal with either.

“Geopolitical divides are preventing us from coming together around global solutions,” he said. “Little wonder that people everywhere are losing faith in governments, institutions and financial and economic systems.”

Some countries, he said, were “doing whatever it takes to further their own interests at all costs.”

Guterres pointed to the many conflicts that are fragmenting the world, including the war in Gaza, Russia’s invasion of Ukraine and the violence in Sudan, and said the parties driving them were “ignoring international law, trampling on the Geneva Conventions and even violating the United Nations Charter.”

“The world is standing by as civilians, mostly women and children, are killed, maimed, bombarded, forced from their homes and denied access to humanitarian aid.”

Guterres reiterated his call for a ceasefire in Gaza and said there was a need for “a process that leads to sustained peace for Israelis and Palestinians, based on a two-state solution.”

“This is the only way to stem the suffering and prevent a spillover that could send the entire region up in flames.”

The UN chief said also that geopolitical divisions played a major role in the faltering global economy and that economic insecurity was exacerbated by political instability.

Despite the challenges, Guterres expressed hope for the future.

“I am confident we can build a new, multipolar global order with new opportunities for leadership, balance and justice in international relations,” he said.

But to avoid a “slide into chaos,” it was vital that the world had strong multilateral institutions and frameworks, as well as effective mechanisms for global governance.

“Without them, further fragmentation is inevitable and the consequences are clear,” he said.

Guterres attributed the crisis in trust to the collapse of global norms.

“I am personally shocked by the systematic undermining of principles and standards we used to take for granted,” he said.

“I am outraged that so many countries and companies are pursuing their own narrow interests without any consideration for our shared future or the common good. I am certain that unless we take action, we can expect much, much worse.”

Rebuilding global trust required “deep reforms to global governance to manage geopolitical tensions during a new era of multipolarity” so we could build “a safer, more stable, more prosperous world,” he said.

These were the details of the news In Davos, Macron urges joint European debt to invest in ‘future’ for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT US military raises alert level for Europe bases: reports

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]