fxs_header_sponsor_anchor

News

Coronavirus costs EUR1 billion per month to European tourism, Germany confirms 150 cases

The European Union (EU) industry chief Thierry Breton told BFM television on Monday, the coronavirus outbreak is costing the European tourism industry around EUR one billion euros revenue loss per month.

Breton said: “Chinese tourists are not coming to Europe since January. It means two million (hotel) nights lost. That is one billion euros per month since January.”

Earlier today, Handelsblatt reported that Germany is mulling a way to loosen its rigid limits on spending and stimulate the economy amid coronavirus spread.

Meanwhile, Germany's Robert Koch Institute confirmed 150 virus cases on Monday vs. 129 reported on Sunday.

EUR/USD reaction  

The shared currency runs through fresh offers on new coronavirus cases reported in Germany, sending EUR/USD back to the 1.1065 region.

The spot posted a new four-week high at 1.1086 in the last hour.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.