Reuters reports that Finance Minister Olaf Scholz said he expected public debt to reach around 80% of Germany's economic output by the end of the coronavirus crisis, the level it reached at the end of the global financial crisis.

Current finance ministry forecasts foresee public debt reaching 75% of GDP by the end of 2021.

"We will probably see public debt rise on the order of the increase we saw last time, so to around 80%, by the time this thing ends," he said.