Countries worldwide have been suffering economically from the consequences of the coronavirus pandemic. This is no different from the Eurozone, where the GDP has declined massively for the first time in 25 years.
Remdesivir is the first drug to receive EU approval to treat severe cases of Covid-19 and would be used for treating patients from EU member states and the UK.
Several European countries are slowly starting to reopen their EU borders that were closed for about three months due to the coronavirus pandemic. Nonetheless, some travel restrictions still do apply.
Several European Foreign Ministers had an online meeting to discuss some of the procedures and precautions to be considered before the upcoming summer tourist season in Europe in the wake of the Coronavirus pandemic.
Collective global efforts are now being made to find and fund a coronavirus vaccine. The European Commission alone is aiming at raising at least 7.5 billion euros.
Europe is currently facing an economic crisis due to the outbreak of the coronavirus pandemic, therefore, the finance ministers in the European Union are trying to find a solution that all member states would agree on.
Different measures are being taken by all European countries amid the spread of the coronavirus across the whole continent.