Vaccination delay could cost EU economy 90 bln euros -Allianz study
The European Union faces a potential 90 billion euro ($108.19 billion) hit to its economy this year unless it catches up with the pace of COVID-19 vaccinations in other regions, a study showed.
EU governments are under fire over a slow start to vaccinations in the bloc, with critics pointing to progress made in Britain, Israel and the United States as evidence of a planning failure in Brussels and elsewhere.
To reach a goal of 70% immunity in adults by the summer, the EU would need a sixfold increase in the rate of vaccinations, according to the study by insurance group Allianz and credit insurer Euler Hermes, seen by Reuters ahead of publication.