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EU Faces 100 Billion-Euro Price Tag for Bungled Vaccine Push

  • Economy is 12 billion euros a week below pre-pandemic levels
  • EU may have to keep restrictions for weeks longer than U.K.
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EU’s General Approach to Vaccines ‘Was Right’: EPP’s Weber
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The European Union is facing a cost of tens of billions of euros for the slow and chaotic rollout of coronavirus vaccinations compared to countries such as the U.K. and U.S.

Lockdowns mean the bloc’s economy is operating at about 95% of its pre-pandemic level, equating to about 12 billion euros ($14 billion) a week of lost output, according to calculations by Bloomberg Economics. It’s also weeks behind its peers in inoculations, and progressing at a slower pace.