I think the banker I talked to knew his stuff. What really concerned me was the reference to "frenzied meetings" & the worst case India factor that they believe will materialize.
What worst case India factor? Going by past experience ...SARS, MERS...none of them have affected India in any way as to cause an epidemic.
The only trouble I see is that health care workers from Philippines and India working in the ME do get exposed to such issues. However the last time I flew to both these countries i saw medical teams at the airports scanning the inbound pax. I did not see that in European airports however. (only seen some reports in the media that soon such checks will be in place)
I see more risk to Europe in the current situation especially from the French speaking colonies in West Africa.