BERLIN (Reuters) – Germany is planning a supplementary budget of at least 100 billion euros to help tackle the coronavirus crisis and will finance it completely via debt, business daily Handelsblatt reported on Friday, citing government sources.
Half of the money in the special budget would be used to create an emergency fund to the value of 50 billion euros ($53.47 billion) for small firms, Handelsblatt reported, adding that the measure would be approved by the cabinet on Monday.
Germany planning special budget of at least 100 billion euros: Handelsblatt
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.