Finance Minister Olaf Scholz urged lawmakers to set aside constitutional debt limits
to combat a crisis that threatens modern life.
New borrowing of 156 billion euros ($169 billion), equivalent to half of the country’s normal annual spending, will be used to fund social benefits and direct aid to virus-hit companies.
Bloomberg 25 March 2020
New borrowing of 156 billion euros ($169 billion), equivalent to half of the country’s normal annual spending, will be used to fund social benefits and direct aid to virus-hit companies.
Bloomberg 25 March 2020
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