Germany’s Merkel: Pandemic management has 'slipped out of control'

Dhwani Mehta FXStreet

Amid growing coronavirus concerns across the Old Continent, Germany’s Chancellor Angela Merkel said that the country’s pandemic management has ‘slipped out of control’, Bild newspaper reports on Tuesday.

Key takeaways

“The potential threat from faster-spreading virus variants means that Germany is "sitting on a powder keg", warning that the virus situation could easily turn for the worse in the coming weeks.”

“The reopening of stores in mid-February is "not assured", asking more measures to be taken - including curtailing travel as much as possible.”

Separately, the German Health Minister Jens Spahn said that it makes sense to have export restrictions on COVID-19 vaccines leaving the European Union (EU).

Forex Today: Markets worried about US stimulus delay, dollar rises, consumer confidence eyed

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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