Fighting coronavirus economy with Keynesian methods
coronavirus
26 Aug 2020
/ 18:37
The German government has announced it will pump a further $11.8bn into the country΄s economy.
- The German government has announced it will pump a further $11.8bn into the country's economy. Within the package is the extension of a scheme that tops up pay for workers who have had their hours reduced during the pandemic.
- France has provided a $2.3 billion aid package for the arts and culture sectors, which have both been badly affected during COVID-19.
- The French city of Marseille makes face masks mandatory across the city. All bars and restaurants in the Bouches-de-Rhone region, which includes Marseille, must close at 11 pm and not reopen again until 6 am.
- Spain's Prime Minister Pedro Sanchez has announced that 2,000 members of the army will be deployed to help regional governments who are struggling to keep up with contact tracing after 81,000 new cases were confirmed in the last two weeks.
- Ireland's Prime Minister Micheal Martin and deputy Prime Minister Leo Varadkar have both stated there were clear breaches of public health guidelines during European trade commissioner Phil Hogan's trip to Ireland.
- The UK government has announced children will have to wear face masks in schools, just days before teachers and pupils are set to return.
- Therapeutics company Translate Bio said the experimental COVID-19 vaccine it developed alongside French drugmaker Sanofi induced an immune response in the early stages of non-human studies. The vaccine will now be tested on humans, starting in November.
- Sweden's public health agency said a faulty test kit had returned around 3,700 false-positive results.
- Hungary's schools can reopen from next week for the first time since March, according to the minister of human capacities, Miklos Kasler.
- France has provided a $2.3 billion aid package for the arts and culture sectors, which have both been badly affected during COVID-19.
- The French city of Marseille makes face masks mandatory across the city. All bars and restaurants in the Bouches-de-Rhone region, which includes Marseille, must close at 11 pm and not reopen again until 6 am.
- Spain's Prime Minister Pedro Sanchez has announced that 2,000 members of the army will be deployed to help regional governments who are struggling to keep up with contact tracing after 81,000 new cases were confirmed in the last two weeks.
- Ireland's Prime Minister Micheal Martin and deputy Prime Minister Leo Varadkar have both stated there were clear breaches of public health guidelines during European trade commissioner Phil Hogan's trip to Ireland.
- The UK government has announced children will have to wear face masks in schools, just days before teachers and pupils are set to return.
- Therapeutics company Translate Bio said the experimental COVID-19 vaccine it developed alongside French drugmaker Sanofi induced an immune response in the early stages of non-human studies. The vaccine will now be tested on humans, starting in November.
- Sweden's public health agency said a faulty test kit had returned around 3,700 false-positive results.
- Hungary's schools can reopen from next week for the first time since March, according to the minister of human capacities, Miklos Kasler.
