Northern Europeans might not make it to the Mediterranean coast for their vacations this summer due to the new coronavirus, and the question arising is whether their governments will do anything to support the tourism sector that has been devastated by the pandemic.
The European Union is looking to put together an economic stimulus package worth €1,000 billion to give a boost to the economy as a whole after the end of the restrictions related to the new coronavirus.
Southern states have also requested “homogeneous” travel rules, fearing that a gradual withdrawal of lockdown and isolation measures will distort the tourism market and isolate regions in need of help.
Source: Profit
Frequently Asked Questions
What is the value of the proposed EU stimulus package?
The European Union is considering an economic stimulus package worth €1,000 billion.
Why are southern European states calling for uniform travel rules?
They fear that a fragmented lifting of restrictions will distort the tourism market and isolate regions that rely heavily on tourism.
What is the primary objective of this financial plan?
The plan aims to boost the overall European economy following the end of COVID-19 lockdowns and restrictions.