Jan 26, 2021 11:27 GMTFXStreet News
While speaking at the World Economic Forum on Tuesday, European Commission President Ursula von der Leyen said that COVID-19 vaccine producers must honour their obligations, as reported by Reuters.
“The European Union will set up a vaccine export mechanism because it means business on procurement,” von der Leyen added.
Market reaction
These comments were largely ignored by market participants. As of writing, the EUR/USD pair was virtually unchanged on a daily basis at 1.2134. Meanwhile, the Euro Stoxx 50 was up 1.03% at 3,589.Get the 5 most predictable currency pairs
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Merkel: pandemic shows German weaknesses, need to co-operate
by Geir Moulson, The Associated Press
Posted Jan 26, 2021 8:58 am EDT
Last Updated Jan 26, 2021 at 9:14 am EDT
German Chancellor Angela Merkel speaks at the Chancellery in Berlin, Germany, Tuesday, Jan. 26, 2021 during an online conference at the Davos Agenda. The Davos Agenda from Jan. 25 to Jan. 29, 2021 is an online edition due to the coronavirus disease (COVID-19) outbreak. The global effort in the fight against the coronavirus pandemic is among the major topics facing the Davos forum this year. (Sean Gallup/Pool Photo via AP)
BERLIN German Chancellor Angela Merkel conceded that the coronavirus pandemic has highlighted significant shortcomings in her country as she told the World Economic Forum on Tuesday that it has underlined the need for international co-operation on issues such as vaccines.