• Germany's finance minister Scholz: Planning to allocate EUR 50 billion to stimulus programme designed to get economy moving again after coronavirus crisis ends - Reuters reports, citing Der Spiegel magazine

Market news

3 April 2020

Germany's finance minister Scholz: Planning to allocate EUR 50 billion to stimulus programme designed to get economy moving again after coronavirus crisis ends - Reuters reports, citing Der Spiegel magazine

  • We are planning also to make use of a reserve earlier set aside for integrating refugees as part of stimulus package, which will also involve measures to spark private sector investment
  • Says worst possible thing would be to save against crisis in middle of a crisis; We must do precisely opposite

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