EU’s Gentiloni Sees No Reason for Economic Panic Over Omicron

The European Union’s economies have “no reason to panic” over the omicron variant, a senior official said, even as governments are rushing to introduce travel restrictions and markets are tumbling because of renewed uncertainty.

“I am not saying that we won’t face problems,” particularly in the tourism industry, EU economy commissioner Paolo Gentiloni said in an interview on Bloomberg Television. “But overall our economies are adapted to these kind of crises because of the vaccines.”