Lunchtime News Thursday 5th November 2020



Mayor of Nice suggest suspended the Schengen agreement following Nice attack - Following the attack that killed three people in a church in Nice, the mayor of Nice Christian Estrosi, has called for the suspension of the Schengen agreements which allow travel without border controls in 26 European countries.

Speaking to local media Estrosi proposes to suspend the agreement "for a certain time" adding that "Nice was not attacked because it was Nice, but because of its proximity to the Italian border,"

The perpetrator Brahim Aouissaoui, a 21-year-old Tunisian national, arrived in Europe illegally via Italy in late September. He arrived in Nice on Tuesday, October 27, two days before the attack.

Christian Estrosi also wants that “in the event of a crime refugees have their protective status withdrawn”.

France has been part of the Schengen area since 1995, allowing travellers to move freely with a simple identity document. However, since the end of 2015, border controls have been reinstated by the French authorities, in particular in Menton, near Nice. Trains are systematically checked, and border police are permanently on the A8 motorway. In nearly five years, there have been more than 160,000 arrests, despite a sharp decline in 2019 with 22,000 arrests.

Monaco - Monaco’s government counselor - minister of Finance and the Economy, Jean Castellini has presented the initial draft budget for 2021 which will be submitted to the National Council next month.

The Princely Government has paid particular attention in drawing up this initial budget with regard to revenue, which could be more or less impacted by the health crisis.

For the first time since 2015, this initial budget will show a deficit of € 114.5 million. Jean Castellini added that “our objective nevertheless remains to find a balanced budget as soon as possible and to preserve the Principality's economic and social model”.  

Revenue is estimated to decrease in 2021, in the order of € 40 million compared to the previous year, in particular resulting from a reduction in VAT linked to consumption.

The main issues highlighted include the National Housing Plan for Monegasques, which mobilizes a third of the € 625 million envelope for investment spending, with the delivery scheduled between 2022 and 2025 of nearly 800 new apartments. As well as the acceleration of the digital transition, with an envelope of 45 M €, similar to that of 2020.

Also highlighted is the investment into the renovation of the Grimaldi Forum and Larvotto car parks, 12 new MonaBike stations as well as mechanized links such as elevato