Economy

Germany is not Ready to Announce Another Lockdown

Germany and other European countries are trying to reduce the number of new Covid-19 cases. In Germany, more than 100,000 people lost their lives due to the Covid-19. In spite of all problems, the country’s new incoming coalition government is not ready to introduce strict measures.

On Thursday, the country reported a massive number of new Covid cases, with over 75,000 new infections in the last 24 hours. Government officials realize the severity of the situation. Chancellor Angela Merkel is ready to take measures. She reportedly pushed for a two-week lockdown during a meeting on Thursday with the country’s incoming coalition government. 

The new government alliance of the left-leaning Social Democrats, Greens, and Free Democrats do not agree with Merkel. They prefer to wait and see whether tighter Covid restrictions announced last week would work to help lower infections. Germany’s new coalition government rejected Merkel’s idea. 

Germany and compulsory vaccination

The new coalition government will take office in the near future. Olaf Scholz who is set to become Germany’s new chancellor understands the importance of Covid-19. On Wednesday, Scholz signaled that the Covid-19 was a top priority for the country’s government. 

Olaf Scholz began a news conference announcing the coalition deal by saying that the virus situation in Germany was serious. The government of Germany plans to expand its vaccination campaign, including mandating vaccines for some people.

In the meantime, incoming Finance Minister Christian Lindner stated that Germans should avoid unnecessary contact this winter. The country already implemented additional measures amid the latest fourth wave of cases. 

Apart from the central government, regional governments are also trying to improve the situation. Many of them already restricted access to public spaces like bars, restaurants, movie theatres, and museums under “2G rules” for unvaccinated people. Several major German Christmas markets also adopted 2G rules.

If the euro zone’s biggest economy opts for compulsory vaccinations in some settings, it will not be the first to do so. France, Italy, and the U.K. are among the countries that adopted (or are introducing) compulsory vaccination for some sectors.  

However, compulsory vaccinations are a thorny subject and have many ethical considerations in Germany. The country has one of the lowest Covid immunization rates in Western Europe. This and other problems make the virus far harder to contain this time around for Germany, a country widely praised for its initial handling of the Covid-19 pandemic.  

Interested in Forex Trading? Read WiBestBroker’s comprehensive review on DeltaMarket.

Share
Published by
Amanda Hansen

Recent Posts

  • Cryptocurrencies

Bitcoin Retreats to Mid-$57K Post-Fed Rate Decision

Quick Look: Bitcoin price currently consolidates around $57,000, down by 5%; Fed maintains high interest… Read More

3 days ago
  • Technology

Microsoft’s $1B Investment in OpenAI to Rival Google

Quick Look: Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google… Read More

3 days ago
  • Cryptocurrencies

Ethereum in Ascending Channel: Risk at $3,000, Upside to $3,500

Ethereum in Ascending Channel: Risk at $3,000, Upside to $3,500 Quick Look: Bullish Channel: Ethereum… Read More

4 days ago
  • Technology

PayPal’s Strong Start in 2024: $403.9B Payment Volume Surge

PayPal's Strong Start in 2024: $403.9B Payment Volume Surge Quick Look: Significant Volume Increase: PayPal… Read More

4 days ago
  • Broker News

XTB Steps Into UK ISA Market, Plans Autumn Launch

XTB announced its entry into the UK's £400 billion ISA market less than a quarter… Read More

5 days ago
  • Brokers Reviews

BTN Centre Review

In this BTN Centre review, we will embark on a trading journey, where cutting-edge technology… Read More

5 days ago