The age of the unthinkable

The beginning of the year has been busy. Poor post-holiday health data is widespread in the Western world. The third wave of the pandemic, including new strains of the virus, is putting a lot of pressure again on the hospital system. New restrictive measures are being needed that will affect the economy. In particular, to the hotel and trade sector. It will rain in the wet for many companies. Liquidity measures will not be enough. Solvency support, and even direct aid, will be necessary. The vaccine may improve the prospects …