Don't know what has been already said in this thread.
The situation here in Italy is dramatically bad: doctors in the hospitals are dying and all people working there cannot come out because almost every sanitary operator is infected. No one in the streets and every commercial activity is closed, but still paying employees. The crisis at the door will be way worse than 2008.
Not sure about what other European states are waiting, you have our example about what is going to happen...
For sure the decision in not simple: wait and have more people affected vs. shut everything down and