European Union seals off borders to put brakes on ferocious spread of coronavirus pandemic
A man wearing a protective face mask walks near the Opera Garnier in Paris as a lockdown is imposed to slow the spreading of the coronavirus disease in the country. March 18, 2020.
The United States and Britain led a multi-billion-dollar global fightback against the economic havoc unleashed by Covid-19, but financial markets were unimpressed, with Asian and European stocks plunging further. Europe has now recorded 3,421 deaths — including 2,503 in Italy — leapfrogging Asia with 3,384, according to an AFP tally at 1100 GMT.As the spectre of a deep global recession looms large, London and Washington on Tuesday announced massive economic stimulus packages after coming under fire over their response to the crisis.
The Czech government is also preparing up to 100 billion crowns in direct aid for businesses and 900 billion more through loan guarantees to help recovery from the outbreak of the new coronavirus, Prime Minister Andrej Babis said on Wednesday. "But now it is clear that this is a virus that will keep us busy for a long time yet," she said. "We understand that measures that seemed drastic two or three weeks ago, need to be taken now."The World Health Organization has called for every suspected coronavirus case to be tested and says Europe needs to take the "boldest actions" against the disease.
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