The coronavirus crisis is proving more of an extraordinary situation than the ba...
FILE PHOTO: German Chancellor Angela Merkel gestures as she addresses a news conference on coronavirus in Berlin, Germany, March 11, 2020. REUTERS/Michele Tantussi
Speaking after meeting the leaders of Germany’s 16 states, Merkel said her finance and economy ministers would present a “very comprehensive” package of additional measures to support German businesses on Friday. “The debt brake ... provides for exceptions in extraordinary situations - and that is, as I said yesterday, really not our topic as to how the budget balance will look in the end,” Merkel told a news conference.
“We are in a situation that is unusual in every respect and I would say more unusual than at the time of the banking crisis because we are dealing with a health problem, a health challenge for which scientists and medicine does not yet have an answer,” Merkel said.
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