• Germany should only carefully lift virus restrictions: minister

Market news

27 April 2020

Germany should only carefully lift virus restrictions: minister

Reuters reports that Germany's economy minister urged the country's 16 federal states to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further and being forced to backtrack later.

Under Germany's decentralised political system, the states have the power to implement and rescind the social distancing measures on which Berlin is relying to slow the virus's spread, and Chancellor Angela Merkel is resisting pressure from some to further ease restrictions.

Germany has had around 150,000 diagnosed cases of coronavirus, according to official figures published on Monday, but has only had 5,750 deaths, a far lower proportion of fatalities than neighbouring Italy, Spain, France and Britain.

"As a person who believes in fact-based decisions, I recommend to all of us to proceed very carefully in order not to be forced into eventually rescinding easing measures," Peter Altmaier told Deutschlandfunk radio.

Germany's low death rate is attributed in part to it having imposed a strict lockdown earlier than other countries relative to the first case being detected.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.