- German economy can get through long virus lockdown - minister
Market news
6 January 2021
German economy can get through long virus lockdown - minister
Reuters reports that German Finance Minister Olaf Scholz said that Europe's biggest economy can hold out through a coronavirus shutdown for a long time.
Scholz added that he expected a lower level of government debt than after the financial crisis of 2008..
"We can hold out for a long time. Budget legislators in the German parliament have authorised us to provide the aid that is needed," he said.
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