ROME/PARIS (BLOOMBERG) - Italy and France reported the fewest coronavirus deaths in weeks and Germany's sick beds continued to empty, providing welcome signs for European leaders ahead of wider steps to restart the economy.. Read more at straitstimes.com.
ROME/PARIS - Italy and France reported the fewest coronavirus deaths in weeks and Germany's sick beds continued to empty, providing welcome signs for European leaders ahead of wider steps to restart the economy.
"We have to maintain our vigilance," Jerome Salomon, France's director general for health, said at a briefing."The epidemic is not over." GERMAN SLUMP Europe's more than 110,000 deaths in the pandemic account for almost 60% of the worldwide total but as new infections decline, regional leaders are starting to loosen social-distancing curbs to try to revive business activity.
Afterward, Prime Minister Giuseppe Conte announced plans to expand the budget deficit by 55 billion euros in emergency spending. Germany's economy is expected to shrink by 6.3% in 2020, the worst contraction since at least 1950, Handelsblatt reported, citing draft government projections. An initial reopening of businesses is planned for May 4, provided Italians observe protective and social-distancing guidelines. France is working on plans to gradually reopen the economy starting May 11.
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