Germany to Raise COVID-19 Stimulus Spending

The German government plans to increase Coronavirus aid for companies to about EUR 4.5 billion per week next month, according to an official statement picked up by Reuters.

“Cohesion and solidarity are hence the imperative of the hour,” said the Economy Minister Peter Altmaier.

“We will not leave our companies and their employees alone at this difficult time.”

Meanwhile, Finance Minister Olaf Scholz said on Friday that the goal is to overcome this pandemic and grow out of it with full strength next year.