Austria will be the first country in western Europe to re-enforce a full COVID-19 lockout starting Monday, November 22, it said on Friday as neighboring Germany warned it could follow. , sent shocks to financial markets worried about the economic downturn to another round. of locks, even if some have enough humor to question whether the whole point of this latest development is to greenlight even more stimmies.
Will this next lock result in multiple stimmies?
– zerohedge (@zerohedge) November 18, 2021
Austria also said the entire population should be vaccinated on February 1. Austrian Chancellor Alexander Schallenberg made announcements in a press conference on Friday,
Nearly two-thirds of Austria’s population is fully vaccinated against COVID-19, and yet its infections are one of the highest on the continent, with a seven-day incidence of 991 per 100,000 people.
Following previously announced The pre-vaccination lockdown, which failed to stop the rise in case numbers, will put the entire country under a full lockdown that will last at least 10 days. In addition, starting Feb. 1, everyone must also be legally vaccinated. Austrian authorities have also said they will make the COVID-19 vaccine mandatory, swearing “penalties” for those who continue to resist.
“We have not yet convinced enough people to get vaccinated. For a long time, I and others believed that you could convince people to be vaccinated, ”said Chancellor Alexander Schallenberg. “It hurts that such steps still need to be taken.”
He also promised to impose “penalties” on those who still refuse to vaccinate, even if they are not specified.
What are the basic locking rules?
- From Monday, November 22, Austria will enter a three-week lockout, which ends on December 12.
- Shops and restaurants will be forced to close.
- Working from home can be mandatory in any job if it is possible.
- The FFP2 mask is mandatory in all enclosed rooms.
- Schools are not officially closed but will remain open for “those who need them”, even if face -to -face lessons don’t take place.
- This reflects the rules from the 2020 locks, where schools moved away from distance learning but still provided care to students whose parents could not do so, for example children of parents who working in important jobs or those with additional learning needs.
- The government is calling on parents to return to home learning if possible.
- The set of measures will be reviewed after ten days.
It is likely that Austria will follow the United States in trying to make vaccination mandatory for a job, though most of the Austrian public is skeptical about vaccines. It is planning a protest against coronavirus bans on Saturday.
Meanwhile, a fourth wave of infections has hit Germany, Europe’s largest economy, in a national emergency, Health Minister Jens Spahn said. He urged people to reduce their social contacts, warning that vaccinations alone will not reduce case numbers.
Asked whether Germany could reject an Austrian -style total lockout, Spahn said: “We are now in a situation – even if it generates a news alert – where we cannot prevent any thing. “We’re in a national emergency,” he said at a news conference.
Several other countries, including Germany, Italy, Slovakia and the Czech Republic, are about to implement new bans in an effort to overcome a “fourth wave” of the virus.
Europe is now experiencing the highest outbreak of COVID, with 310,000 cases registered across the continent in the last 24 hours. Ireland is also in a “war of attrition” and is about to introduce a new lock-up despite having 94% of the population being vaxx, mandatory mask mandate, and a passport scheme in vaccine already in place.
One country that has coped better with the rest of Europe is Sweden, which has never imposed any strict mask order or legal lock-up.
European stocks retreated from record highs, as government bond yields, oil prices and the euro fell as the specter of a new COVID-linked lockout in Germany and other parts of Europe casting new shadows on the global economy.
As cases also rose across Europe, many governments began to reimpose restrictions on activity, from total lockouts in Austria, to a partial lockout in the Netherlands, to bans on the left. still vaccinated in parts of Germany, the Czech Republic and Slovakia.
Hungary reported 11,289 new COVID-19 cases on Friday, the highest daily tally, and will make booster shots mandatory for all health care workers and have to wear a mask on most of the underwear from Saturday.
While new measures across Europe don’t appear to have hit the economy like all of last year’s locks, analysts say they could weigh in on the recovery in the last quarter of the year, especially if they hit the retail and hospitality sectors.
A complete lock-in of Germany could be even more serious, though.
“A general lockout for Germany could be bad news for economic recovery,” he said. said Ludovic Colin, a senior portfolio manager at Swiss asset manager Vontobel. “This is exactly what we saw in July, August this year in parts of the world where the delta (variant) is large, it (COVID-19) is back and it is slowing down recovery,” he added.
The pressure on intensive care units in Germany has not yet reached its peak, Spahn said, urging people to reduce contacts to help break the tide.
“What will happen at Christmas, I dare not say. I can only say that we already have it,” he added.
Chancellor Angela Merkel said on Thursday that Germany would limit many aspects of public life to areas where hospitals could be at risk of being full of COVID-19 patients who have been vaccinated or recovered from the disease. Merkel said on Thursday that the federal government would consider a request from the regions for legislation that would allow them to require that care and hospital workers be vaccinated.
Saxony, the region worst hit by Germany’s fourth wave, is considering closing cinemas, concert halls and soccer stadiums, the Bild newspaper reports. The eastern state has the lowest vaccination rate in Germany.
New infections daily rose 14-fold last month in Saxony, a stronghold of the far-right Alternative for Germany (AfD) party, with many vaccine skeptics and anti- -lockdown.
Reprinted from ZeroHedge.com with permission