Germany goes all in to tackle economic fallout of coronavirus [Reuters]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Reuters
Germany goes all in to tackle economic fallout of coronavirus * Half a trillion euros in business guarantees available * There is more if needed, says Economy Minister * FinMin: one shouldn’t run after savings in a crisis * Govt could temporarily buy stakes in firms, if needed * Economists welcome the package By Paul Carrel BERLIN, March 13 (Reuters) - Germany on Friday promised half a trillion euros in guarantees for business - and more if needed - in a four-point plan to tackle the economic impact of the coronavirus epidemic, winning a thumbs up from economists. “We have the financial strength to overcome this crisis,” said Finance Minister Olaf Scholz. “We’re not building up arms slowly. We’re putting all our weapons on the table.” The German economy, Europe’s largest, stagnated in the fourth quarter of last year and the coronavirus fallout has raised the risk that it will tip into recession in the first half of this year. Economy Minister Peter Altmaier said he hoped the coronavir
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