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Venice eyes return of EU tourists with hope, and some trepidation

Most European Union countries have lifted border restrictions, including Italy, where tourism represents 13 percent of GDP and 15 percent of employment. In Venice, water in the canals has cleared up and St Mark’s Square is empty. But for a city highly dependent on tourism, the economic impact of Covid-19 has been disastrous, with some restaurants owners estimating losses up to 40% of annual turnover. Local authorities hope that tourism from within the EU can provide some relief.

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