Tourism acts as Covid-19 amplifier in the eurozone

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Tourism has become a channel amplifying the economic crisis unleashed by the Covid-19 pandemic, says research published by the European Central Bank.

Due to its larger effect on sectors dependent on travel and human interactions, countries more reliant on them are suffering a deeper crisis, which increases fragmentation risks.

The most vulnerable countries are the net exporters of travel services, countries including Italy, Greece, Portugal and Spain.

“In Italy and Spain, domestic consumption

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