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More on Germany’s stimulus package:
With borders slamming shut, employees kept home, and shops and restaurants forced to close to halt transmission of the coronavirus, Germany is headed for the worst recession in its post-war history. Disruptions to trade and travel have also weighed on the export powerhouse.
In case you missed this earlier: Germany will plough €130bn (US$146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel said Wednesday.
Under the wide-ranging measures outlined in a 15-page document, value-added tax will be temporarily slashed, families will receive 300 euros for each child, while those who purchase electric cars will see a government rebate doubled to €6,000.
Continue reading...from The Guardian https://ift.tt/3cv7Uus
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