European Commission Warns Over Mercenary FDI Amid Pandemic

Elvera Bartels

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“If we want Europe to arise from this disaster as solid as we entered it, then we need to consider precautionary measures now.”

The European Fee has warned that it will “screen” international direct financial investment (FDI) to avoid “harmful influence on the EU’s capacity” to provide health care.

The warning follows the revelation by German publication Die Welt that the American government tried to safe unique rights to a COVID-19 vaccine from the German pharmaceutical enterprise CureVac. The business has denied it was supplied hard cash for vaccine rights. The German Minister for Health and fitness, however, stated he was knowledgeable of the deal and that Germany was presenting the business financial incentives to remain in Germany..

The EC stated: “The existing financial shock is an enhanced probable hazard to strategic industries, in individual but by no means limited to health care-similar industries.
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