AP: European leaders are blunt: A vaccine won’t come soon enough
SOAVE, Italy (AP) — In separate, stark warnings, two major European leaders have bluntly told their citizens that the world needs to adapt to living with the coronavirus and cannot wait to be saved by the development of a vaccine.
The comments by Italian Prime Minister Giuseppe Conte and British Prime Minister Boris Johnson came as nations around the world and U.S. states are both struggling with restarting economies blindsided by the pandemic. With 36 million newly unemployed in the U.S. alone, economic pressures are building even as authorities acknowledge that reopening risks off new waves of infections and deaths.
Pushed hard by Italy’s regional leaders and weeks in advance of an earlier timetable, Conte is allowing restaurants, bars and beach facilities to open Monday, the same day that church services can resume and shops reopen.
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WNU Editor: Here is an easy prediction. If lock-downs are continued for another 3 to 6 months, most small to medium sized business will either close down and/or open with a reduced staff and business model. This will spell a disaster for any economy. So when I hear the L.A. mayor talk about keeping everything under lock-down until a cure is found, he is messaging to everyone is that he is ready to destroy his tax base because of Covid-19 .... Los Angeles Mayor Says LA Will Never Be Completely Open We Have A Cure For Covid-19 (May 13, 2020). Italian Prime Minister Giuseppe Conte and British Prime Minister Boris Johnson have made the opposite decision. They are not going to wait.
Update: In other-words, the US FED Chairman is saying that there will be no economic improvement for two years or more .... Powell says a full economic recovery may not happen without a vaccine (CNBC).
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