After months stuck at home, many of us are dreaming of a vacation abroad.
But while vaccines will certainly hasten the return of international travel, we'll need more than shots to get back to some kind of normal trib.al/zc4cuvu
The European Union, with its close borders and intergovernmental relationships, can help pave the way.
Testing and travel guidelines for its own region could set a standard for the rest of the world, if done well trib.al/c8czIUE
EU states currently differ over:
📆Quarantine periods
⏳Mandatory testing intervals
💉Treatment of vaccinated individuals
🗝Ability to test out of quarantine
Consistency is likely to improve compliance and lead to better results trib.al/c8czIUE
EU nations should settle on standardized testing protocols before, during and after travel. Rapid antigen tests are preferable to PCR tests because they’re:
➡️Faster
➡️Easier to give at the point of care
➡️Particularly adept at detecting infectious people trib.al/c8czIUE
The EU could contribute more to international genomic-sequencing efforts to provide a better assessment of emerging variants.
Currently there is too wide a gap between genomic surveillance even within developed nations trib.al/c8czIUE
More comprehensive and timely genomic-sequencing data would ensure that travel guidelines reflect current Covid risks trib.al/c8czIUE
Currently, infection rates are a key measure of risk in traveling to a given destination. But vaccination rates are also important.
An outbreak of mild Covid-19 in a country where most people are vaccinated is less dangerous, for example trib.al/c8czIUE
We need a better set of tools to decide which countries are at risk and which are not.
Europe can help set a standard for the world to follow, such as setting thresholds for Covid-19 cases based on growth rates relative to absolute levels trib.al/c8czIUE
The EU should also establish a health passport.
It’s already proposed a Digital Green Certificate, which would track test results and vaccination status in all member states trib.al/c8czIUE
A QR code that says “I’m vaccinated” is just the start. There’s work to be done to:
💉Agree on standards
💉Prevent certificate fraud
Passports will also have to expire depending on future discoveries about the longevity of protection trib.al/c8czIUE
Without set protocols and standards, it’ll be difficult to go back to the levels of international travel we enjoyed pre-Covid.
Europe can make travel within the continent both easier and more secure, while serving as an example for others to follow trib.al/c8czIUE
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$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.
Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.
So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8