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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on December 21, 2021

    Featured image for article about Top Stories

    By Francesco Guarascio

    (Reuters) -The European Commission on Tuesday adopted rules that will make the European Union COVID-19 certificate valid for travel nine months after the completion of the primary vaccination schedule.

    The proposal comes as several EU states introduce additional requirements on travellers in a bid to reduce the spread of the Omicron coronavirus variant. EU Justice Commissioner Didier Reynders told Reuters the EU Commission was against additional requirements, and was assessing the measures.

    The new rules will be binding on the 27 EU states from Feb. 1. The rule can be blocked by a qualified majority of EU governments or a simple majority of European Parliament members, but officials have said there is sufficient support for it.

    The rule replaces a non-binding recommendation the EU Commission put forward in November.

    Once the rule is effective, EU states will be obliged to let fully vaccinated travellers with a valid pass access their territory. However, as an exception justified by a deteriorating situation, they could still impose further requirements, such as negative tests or quarantines, as long as they are proportionate.

    Seven EU states are currently requiring fully vaccinated travellers from other EU countries to also show a negative COVID-19 test upon arrival, measures some see as damaging the credibility of the EU pass.

    The states are Italy, Greece, Ireland, Portugal, Latvia, Cyprus and Austria.

    “We prefer to use for the free movement in Europe only the certificate without additional measures,” Reynders said.

    He noted that the additional requirements could be justified by concerns caused by the spread of the Omicron variant, but governments had to prove they were proportionate and necessary.

    The Commission was still assessing the measures, Reynders said, adding that infringements proceedings for time-limited restrictions made little sense.

    The national measures are mostly limited to the Christmas period, although Italy’s extend until the end of January.

    The new rules apply only for international travel.

    Governments will be able to have a different duration of the COVID-19 pass for access to events or indoor activities within their territories.

    After a booster shot, the validity of the COVID-19 pass will be extended further without a set limit, because at the moment there is not enough information about the duration of protection from boosters, an EU official said.

    A primary vaccination schedule for COVID-19 is currently composed in the EU of two shots of vaccines produced by Pfizer-BioNTech, AstraZeneca and Moderna, or a single jab of the Johnson & Johnson vaccine.

    (Reporting by Francesco Guarascio; additional reporting by Philip Blenkinsop; Editing by Kevin Liffey and Ed Osmond)

    By Francesco Guarascio

    (Reuters) -The European Commission on Tuesday adopted rules that will make the European Union COVID-19 certificate valid for travel nine months after the completion of the primary vaccination schedule.

    The proposal comes as several EU states introduce additional requirements on travellers in a bid to reduce the spread of the Omicron coronavirus variant. EU Justice Commissioner Didier Reynders told Reuters the EU Commission was against additional requirements, and was assessing the measures.

    The new rules will be binding on the 27 EU states from Feb. 1. The rule can be blocked by a qualified majority of EU governments or a simple majority of European Parliament members, but officials have said there is sufficient support for it.

    The rule replaces a non-binding recommendation the EU Commission put forward in November.

    Once the rule is effective, EU states will be obliged to let fully vaccinated travellers with a valid pass access their territory. However, as an exception justified by a deteriorating situation, they could still impose further requirements, such as negative tests or quarantines, as long as they are proportionate.

    Seven EU states are currently requiring fully vaccinated travellers from other EU countries to also show a negative COVID-19 test upon arrival, measures some see as damaging the credibility of the EU pass.

    The states are Italy, Greece, Ireland, Portugal, Latvia, Cyprus and Austria.

    “We prefer to use for the free movement in Europe only the certificate without additional measures,” Reynders said.

    He noted that the additional requirements could be justified by concerns caused by the spread of the Omicron variant, but governments had to prove they were proportionate and necessary.

    The Commission was still assessing the measures, Reynders said, adding that infringements proceedings for time-limited restrictions made little sense.

    The national measures are mostly limited to the Christmas period, although Italy’s extend until the end of January.

    The new rules apply only for international travel.

    Governments will be able to have a different duration of the COVID-19 pass for access to events or indoor activities within their territories.

    After a booster shot, the validity of the COVID-19 pass will be extended further without a set limit, because at the moment there is not enough information about the duration of protection from boosters, an EU official said.

    A primary vaccination schedule for COVID-19 is currently composed in the EU of two shots of vaccines produced by Pfizer-BioNTech, AstraZeneca and Moderna, or a single jab of the Johnson & Johnson vaccine.

    (Reporting by Francesco Guarascio; additional reporting by Philip Blenkinsop; Editing by Kevin Liffey and Ed Osmond)

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