Quantcast
Stimulus package aims to pull Germany out of corona crisis with 'full strength' - Metro US

Stimulus package aims to pull Germany out of corona crisis with ‘full strength’

News conference after coalition meetings over stimulus measures in Berlin

BERLIN (Reuters) – A stimulus package that includes lower value-added tax, handouts for parents and support for companies is designed to lift Germany out of the coronavirus crisis promptly and effectively, Finance Minister Olaf Scholz said on Friday.

“We want to go out of the crisis with full strength,” Scholz said during a news conference to unveil some measures of the 130 billion euro ($147.11 billion) package that were approved by the cabinet and will be submitted to parliament for a vote on June 29.

(Reporting by Paul Carrel; Writing by Joseph Nasr; Editing by Michelle Martin)

More from our Sister Sites