Parts of Europe were among the first places hit by Covid-19 as it began to spread early

last year, but the economic fallout of the pandemic on the old continent has been starkly

unequal, the recovery risks being even more so.

You're listening to Money Talks on Economist Radio, our weekly podcast on the markets,

the economy and the world of business.

I'm Patrick Lane, deputy digital editor at the Economist.

I'd also coming up on today's show.

What lessons can the tourism industry learn from the cruise sector, as ships prepare

to set sail again after almost a year in the doldrums?

You know, we had a huge burn rate with no revenue, but the fundamentals are still there.

And what lies behind Bitcoins' gyrations is crypto a financial world unto itself.

Two and a half trillion is a lot of money, and when you make 40% peaked to trough losses,

those are real dollars.

But first, after staggering through multiple waves of Covid-19, Europe's economy a finally

be finding its feet.

After a stuttering start, its vaccination drive is picking up, and by the end of June,

all adults should be eligible for their first jab.

Lockdown restrictions are easing.

Perisians are back brooding over coffee and croissant in their beloved cafes.

Italians may now stay out until 11pm, having had to be home by 10 for months.

Meanwhile, in Germany, businesses report optimism at a two-year high.

The relief is widespread, but the recovery will be less so.

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