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.
Germany to impose stricter lockdown to battle rise in COVID-19 cases
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UPDATE 3-Germany to impose stricter lockdown to battle rise in COVID-19 cases
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