Within the space of a few days, the rollout of the Oxford-AstraZeneca Covid-19 vaccine has ground to a standstill in virtually all of western Europe. The actions of European governments have surprised experts, and caused a myriad of questions among people who have had or are in line to get the shot.
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Cancelation of Germany s carnival will result in $1.8 billion loss nationwide, economic institute says
From CNN s Nadine Schmidt and Claudia Otto
The cancelation of Germany’s popular annual carnival celebrations, which involve stage events, stalls and parades, will lead to a
nationwide loss of 1.5 billion euro (
$1.8 billion), according to the Cologne-based German Economic Institute (IW).
Retailers and hotels will suffer the greatest economic losses, according to IW. It estimates about 330 million euro ($400 million) will be lost in the retail sector, the bulk of it from lost revenue in costume sales.
The hotel industry, which would typically take high numbers of bookings at this time of year for the celebrations, will lose an estimated 160 million euro, IW said in a press release on Monday.