News

European leaders push coronavirus vaccine financing drive

May 4, 2020 02:58 AM


Twitter Share Facebook Share WhatsApp Share

European leaders are backing an initiative from Brussels to raise 7.5 billion euros (£6.6 billion, $8.3 billion) to tackle the global coronavirus pandemic.

The president of the European Commission, Ursula von der Leyen, outlined the fund-raising plan for an international effort to find a vaccine and treatment for COVID-19 on Friday.

An online pledging conference will take place on Monday to plug gaps in financing of research.

Italy's Prime Minister Giuseppe Conte, French President Emmanuel Macron, and Germany's Chancellor Angela Merkel gave their support in an open letter published in weekend newspapers.

The president of the European Council, Charles Michel, and Norway's Prime Minister, Erna Solberg, also signed and all gave their backing to the World Health Organization in the face of US criticism about its handling of the crisis.

The funds raised will "kickstart an unprecedented global cooperation between scientists and regulators, industry and governments, international organisations, foundations and healthcare professionals", the leaders said.

But they warned that more money would still be needed to manufacture and deliver "available, accessible and affordable" medicines across the world.

"If we can develop a vaccine that is produced by the world, for the whole world, this will be a unique global public good of the 21st century," they added.

https://www.youtube.com/watch?v=pOavNaBX4NU


Most Read

  1. 20 passengers perish in Chilas bus plunge 20 passengers perish in Chilas bus plunge
  2. Daughters defend Bushra Bibi Daughters defend Bushra Bibi
  3. Pakistani-origin woman laid off by Elon Musk gives emotional reaction Pakistani-origin woman laid off by Elon Musk gives emotional reaction
  4. Pakistan's historic moon mission aboard China rocket blasts off Pakistan's historic moon mission aboard China rocket blasts off
  5. Parineeti Chopra's husband Raghav Chadha undergoes ‘dangerous’ eye surgery in UK Parineeti Chopra's husband Raghav Chadha undergoes ‘dangerous’ eye surgery in UK
  6. The Great Indian Kapil Show: Astonishing per-episode fees of cast revealed! The Great Indian Kapil Show: Astonishing per-episode fees of cast revealed!

Opinion

  1. PM Shehbaz Sharif, WEF and Pakistan
    PM Shehbaz Sharif, WEF and Pakistan

    By Naveed Aman Khan

  2. Employing global best practices in Pakistan-Saudi ties
    Employing global best practices in Pakistan-Saudi ties

    By Nasim Zehra

  3. PML-N smashed PTI in by-polls
    PML-N smashed PTI in by-polls

    By News Desk

  4. Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity
    Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity

    By News Desk

  5. Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  
    Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  

    By Manzoor Qadir

  6. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai