• EU needs more vaccine production capacity - German Chancellor

Market news

25 March 2021

EU needs more vaccine production capacity - German Chancellor

Reuters reports that German Chancellor Angela Merkel said that European Union leaders will discuss how to make sure more vaccines are made on European soil since the bloc’s supply problems are more to do with a lack of production capacity than with under-ordering

“British production sites are manufacturing for Britain and the United States is not exporting, so we are reliant on what we can make in Europe,” Merkel told .

In addition, more work had to be done on ensuring the rest of the world was supplied with vaccines, since otherwise new mutations would keep emerging, some of which might turn out to be vaccine-resistant, Merkel warned.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.