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Europe now is on high alert with new cases of coronavirus and deaths mounting in Italy, Germany, Spain, France, Austria, and Greece, while United States health officials warn of a possible pandemic and the inevitability of the disease spreading in the country.After surfacing in late December in Wuhan, China, the coronavirus has spread to at least 50 countries (as of 2/27/2020), disrupted global supply chains and triggered a sharp downturn in financial markets.But in a Feb. 26 interview in London, Oliver Baete, CEO of the Germany-based multinational financial services company Allianz SE, told Bloomberg News that the reaction was overblown.There is a lot of panic at the moment that is really not warranted
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