Europe’s Vaccination Debacle
With under-supplied vaccination facilities and overcrowded COVID-19 wards, the European Union is reaping what it sowed last summer when it decided to put the European Commission in charge of preordering vaccines. There was neither a legal basis nor any economic justification for central planning.
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MUNICH – A storm is raging over the European Union’s failure to have ordered more of the approved COVID-19 vaccines ahead of time. Stéphane Bancel, the CEO of the US pharmaceutical company Moderna, which gained approval for its vaccine shortly after Pfizer/BioNTech, claims that the EU has relied too much on “vaccines from its own laboratories.”