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By Nicolas MACKEL, CEO of Luxembourg for Finance
First, and most importantly, the infection curve and the death rate have been brought down significantly. The numbers at present allow governments across Europe to consider lifting some of the lockdown measures. There is thus a great deal of optimism that the lockdown will soon come to an end. People’s and businesses’ patience will however be tested by the only gradual nature of this opening-up of our economies. The discipline and civility which all of us have shown ourselves capable of during the last weeks will be required for some more time as we need to keep the infection rate from ticking back up.
Second, on the economic side also, numbers are being produced that underpin the consequences...
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