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Why Europe Is Panicking About Vaccines

The European Commission’s fiasco over the vaccine rollout is above all else a terrible concern because of the potential cost in human lives. It also risks damaging Brussels’ reputation for technocratic competence with regard to its own citizens, giving fresh impetus to euroskeptic forces. It may diminish the European Union’s brand in the world, especially in those countries that might struggle to get access to life-saving jabs because of any EU export restrictions. And it could do long-lasting harm to Europe’s economy, which is struggling to recover after a miserable year of uncertainty and lockdowns. The succession of U-turns on vaccine blockades at the end of last week brought some political respite for Commission President Ursula von der Leyen and her colleagues. Unfortunately, they did little to reestablish the EU’s standing. Only a renewed push on vaccine production and distribution can redeem what has been an unquestionable failure so far.

What s Europe s Place In The World After The Pandemic?

FTSE steady at lower levels; Wall Street moves higher following fall in jobless claims

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