Welfare states and strong public health systems help Europe to edge US in recovery

Visitors ride escalators after entering the reopened Louvre Museum in Paris, France, on Monday, July 6, 2020. Picture: BLOOMBERG/Cyril Marcilhacy

Meanwhile, in most European countries, the situation appears under control. From Germany to Greece, countries are dealing with a handful of flare-ups, but they’re being contained by localised restrictions. Governments have reopened their economies steadily, without causing a new surge of infections. The sacrifices of months of lockdown appear to be paying off for now.

The data don’t take into account the worsening medical crisis in the second half of June that has prompted a number of states to reverse their reopening plans. The euro area unemployment rate has risen much less: It climbed to 7.4% in May, up from 7.2% in February.

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