The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France.

Why it matters: France has been "overpowered by a second wave,” President Emmanuel Macron said in a nationally televised address today. Macron said the "new wave will be strongerand deadlier" than the first.

The big picture: Hospitalizations are spiking in Europe, just like in the U.S.

• German hospitalizations have doubled in the last 10 days, Chancellor Angela Merkel said today.
• Dutch hospitals "have reached their limits" and they're sending patients to Germany, Reuters reports.
• Russia says hospital beds are at 90% of capacity in 16 of its regions.

Between the lines: Europe's second lockdown will look a lot different.

• Schools and child care will stay open.
• It won't be as hard to visit assisted living facilities or go to funerals.
• Germany's lockdown will end by Dec. 1.
• France's runs through at least Dec. 1, but also requires daily infections to fall below 5,000.
• There have been over 36,000 new cases in France in the last 24 hours.

The countries are also propping up affected sectors.

• The German government will provide 75% compensation to small and midsize businesses hurt by the closures.

The bottom line: “Within weeks, we will reach the limits of our health system,” Merkel said today.

• “It is completely clear that we must act, and act now, to prevent a national health crisis.”