Nationwide lockdown in Austria sends Covid fears through global markets
Published Date: 11/19/2021
Source: CNBC Television
NBC’s Claudio Lavanga joins 'The Exchange' from Italy with news about Austria's full Covid lockdown. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Austria will enter a fourth national lockdown on Monday as Covid-19 cases continue to surge, becoming the first country in Western Europe to impose stringent measures this fall. The country’s unvaccinated are already barred from leaving their homes for non-essential purposes. Chancellor Alexander Schallenberg announced at a press conference on Friday that those lockdown measures would be extended to the entire country from Monday. The lockdown would last for a maximum of 20 days, Schallenberg said, but would initially be put in place for 10 days. In a first for the region, he also announced that Covid vaccination would become mandatory in Austria from Feb. 1. On Thursday, Austria recorded 15,145 new cases of Covid-19, setting a new record high for daily positive tests. Hospitalizations, deaths and the number of Covid patients in ICU are also rising fast in Austria. Around 65% of Austria’s population has been fully vaccinated against the virus, which Schallenberg has previously described as “shamefully low.” The country has the second-lowest vaccination rate in Western Europe after Liechtenstein. The Austrian Press Agency reported that government ministers were negotiating into the early hours of Friday to come up with action that could help curb Austria’s spiraling Covid crisis. Implementing a countrywide lockdown marks a significant U-turn for Austria’s chancellor, who told reporters just last week that the two-thirds of the population who had accepted the immunization would not be forced to show “solidarity” with the unvaccinated. The government’s original plan was to place unvaccinated people under lockdown once coronavirus patients occupied 30% of ICU beds in hospitals — a move that came into force on Monday. However, the move had faced some criticism for being difficult to enforce, as unvaccinated people were still permitted some freedoms to go to work, do their grocery shopping and meet certain individuals outdoors. Austrian police officers have been conducting random checks this week on people over the age of 12 — to whom the current lockdown applies if they are unvaccinated — to confirm individuals’ vaccine statuses. While Schallenberg had previously rejected the notion of placing all Austrians under lockdown, some members of the country’s coalition government had been calling for tougher restrictions for the vaccinated as hospitals and ICU units came under increasing strain. The government has been facing pushback from the country’s third-biggest party, the right-wing Freedom Party, which said Friday that “as of today, Austria is a dictatorship.” The party has been openly skeptical about Covid vaccines, and had planned a demonstration in Vienna at the weekend against the lockdown measures imposed on the unvaccinated. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV