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World Merkel Imposes Toughest German Restrictions Since Lockdown

07:35  29 october  2020
07:35  29 october  2020 Source:   bloomberg.com

As virus flares globally, new strategies target hot spots

  As virus flares globally, new strategies target hot spots NEW YORK (AP) — After entire nations were shut down during the first surge of the coronavirus earlier this year, some countries and U.S. states are trying more targeted measures as cases rise again around the world, especially in Europe and the Americas. New York’s new round of virus shutdowns zeroes in on individual neighborhoods, closing schools and businesses in hot spots measuring just a couple of square miles. Spanish officials limitedNew York’s new round of virus shutdowns zeroes in on individual neighborhoods, closing schools and businesses in hot spots measuring just a couple of square miles.

Chancellor Angela Merkel will impose the toughest restrictions on Germany since a national lockdown in the spring, closing bars and restaurants in Europe’s largest economy to regain control of the rapid spread of the coronavirus.

(Bloomberg) -- German Chancellor Angela Merkel will impose the toughest restrictions since a national lockdown in the spring, as Europe’s largest economy battles to contain the rapid spread of the coronavirus. The deal to impose a one-month partial shutdown was agreed after talks with leaders of

(Bloomberg) -- Chancellor Angela Merkel will impose the toughest restrictions on Germany since a national lockdown in the spring, closing bars and restaurants in Europe’s largest economy to regain control of the rapid spread of the coronavirus.

The one-month partial shutdown, which will go into effect on Monday, is designed to keep most businesses operating, Merkel said Wednesday after tense talks with the leaders of the country’s 16 states. Officials will gather again in two weeks to assess the impact of the measures.

“Today is a difficult day, for policy makers as well,” Merkel said at a press conference in Berlin as she called for a concerted national effort to fight the pandemic. “We know what we’re demanding of the people.”

Corona crisis: Merkel warns of a difficult situation in Germany

 Corona crisis: Merkel warns of a difficult situation in Germany In view of the worsening Corona situation in Germany, Chancellor Angela Merkel (CDU) insisted on observing the level of knowledge as a benchmark for restrictions. "Today we know a little more about the virus," said Merkel on Tuesday in Berlin, one day before new consultations with the prime ministers on the corona crisis. © dpa Chancellor Angela Merkel (CDU) Merkel said: “We know how we can protect ourselves. We can be more focused.

German Chancellor Angela Merkel has announced tough new measures from Monday, November 2, in an attempt to curb the spread of the The so-called nationwide " lockdown light" is a less intense version of the measures that brought German society and economic activity to a standstill in the spring.

German Chancellor Angela Merkel has agreed to implement a partial second lockdown in a bid to control rising coronavirus cases in the country.

With the public weary of pandemic measures and protests increasing, the government sought to ease pressure by making available up to 10 billion euros ($11.7 billion) in aid for companies affected by the measures, including reimbursing as much as 75% of lost sales in November.

The plan calls for closing bars, restaurants and leisure facilities. The government is also urging citizens to keep social contacts to a minimum and avoid all non-essential travel. The measures are a sign of how European leaders are struggling to balance public-health issues with social and economic stability.

Bloomberg Economics estimates the measures, if limited to one month, will cut the expected pace of economic growth this quarter to about 0.5% from 1.1%. Stricter measures that closed schools would probably mean a contraction.

Merkel eyes 'lockdown light' to tame virus

  Merkel eyes 'lockdown light' to tame virus Chancellor Angela Merkel is expected to push for a "lockdown light" in crisis talks with Germany's regional leaders Wednesday, as the number of coronavirus cases soars and hospital beds fill up. Ahead of Wednesday's talks, Merkel said she understood that the coronavirus measures were asking a lot of citizens, and stressed that they would only ever be temporary. "The restrictions serve to protect our citizens and vulnerable groups in particular," she said, adding that she wanted to avoid "millions of people being excluded from society".

German Chancellor Angela Merkel is pushing for tougher curbs on movement and contact, including closing bars, restaurants and leisure facilities until France heading for new, one-month lockdown , BFMTV reports. The proposed restrictions , including closing bars, restaurants, would take effect Nov.

The German government agreed to impose a one-month partial shutdown to combat the surge in coronavirus cases including the toughest restrictions since a national a lockdown in the spring. Bloomberg’s Maria Tadeo reports on "Bloomberg Markets: European Close."

What Bloomberg Economics Says...

“The alternative to fresh curbs (doing nothing) would arguably be more economically costly. As infections increase, consumers voluntarily curtail their activity. That’s the lesson from Sweden. The cost of an untamed outbreak would therefore be substantial.

--Jamie Rush. Read the full INSIGHT

Germany’s benchmark DAX Index fell 4.2% and the Stoxx Europe 600 Index sank 3%, with auto and construction shares seeing the steepest declines. Haven assets, such as Treasuries and the yen, rose.

Landesbank Baden-Wuerttemberg lowered its forecast for the Germany economy, projecting a contraction of 6.5% this year compared to 6% previously, but noted the impact of the latest curbs will be less severe because fewer business are closed and companies are better prepared.

graphical user interface: Germans are staying away from restaurants as virus cases rise © Bloomberg Germans are staying away from restaurants as virus cases rise

Germany is catching up with many other European countries in tightening restrictions on movement, as the disease spreads rapidly throughout the region -- the U.K., Italy, Spain and Greece reported record daily increases in cases on Wednesday. French President Emmanuel Macron will hold a televised address later to announce new initiatives to tackle the pandemic. Ireland already moved to shutter its economy for six weeks.

How legally secure are the federal-state decisions ?: What about the national health emergency?

 How legally secure are the federal-state decisions ?: What about the national health emergency? The Chancellor and the Prime Ministers have decided on very drastic measures. And they need justification for this - both politically and legally. © Photo: Fabrizio Bensch / Reuters Pool / dpa Chancellor Angela Merkel before the press conference in the Chancellery.

German Chancellor Angela Merkel announced tentative steps to slowly start returning the country to normal, allowing some smaller shops to reopen next week and schools to Contact restrictions were imposed more than three and a half weeks ago and were originally to remain in place through Sunday.

German Chancellor Angela Merkel opened her much-anticipated press conference on Wednesday by thanking the country for observing social distancing rules to help drastically slow the spread of the novel coronavirus. She said these factors made a loosening of lockdown restrictions possible.

Merkel, who had vowed to avoid a repeat of the curbs that hammered the economy in the second quarter, had struggled to forge a consensus in recent weeks, with states with less severe outbreaks resisting harsher curbs. Political tensions were high before the meeting, which was moved forward by two days in a sign of increased urgency.

After failing to secure new measures two weeks ago, Merkel’s proposal was adopted almost entirely after cases surged since then. The German leader said that 75% of new infections couldn’t be tracked to their origin and hospitals risked being overwhelmed within weeks if trends continued.

But there were still signs of division. The state of Thuringia requested that German parliament be asked to declare a national health emergency and back the measures -- largely an effort to check the authority of Merkel’s administration.

Germany’s new restrictions:
Restaurants, bars, nightclubs and similar establishments will be closed
All leisure facilities, such as gyms, theaters, opera houses, concert venues, fairs, cinemas and amusement parks will be closed
People will only be allowed outside with members of their own household and one other and gatherings will be limited to 10 people; violations would carry penalties
Citizens urged to refrain from private travel and visits to relatives; hotel accommodation restricted to non-tourist purposes
Schools and daycare centers will stay open, as well as supermarkets and hairdressing salons, under existing hygiene regulations

The latest steps are less severe than the spring lockdown. Many shops will be able to stay open along with schools and company cafeterias. Germany’s professional soccer league will be able to play games, but fans won’t be allowed in stadiums.

“I’m thankful that we reached agreement here after long discussions,” Merkel said. “We don’t want to fall into a national health emergency.”

(Updates with GDP estimates from Bloomberg Economics)

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©2020 Bloomberg L.P.

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