Germany preparing to soften spending stance?

Germany preparing to soften spending stance?
German economy shrank in second quarter

On Sunday, finance minister Olaf Scholz suggested the government would aim to muster €50 billion of extra spending in case of an economic crisis

The German government is getting ready to act to shore up Europe’s largest economy, preparing fiscal stimulus measures that could be triggered by a deep recession, according to two people with direct knowledge of the matter.

The programme would be designed to bolster the domestic economy and consumer spending to prevent large-scale unemployment, said the people.

Similar to bonuses granted in the 2009 crisis to prod...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post