Economics

Germany Says It Could Spend Extra $55 Billion If Crisis Hits

Finance minister cites possible boost amount for first time
Europe’s biggest economy contracted in latest quarter

Germany May Spend an Extra 50 Billion Euros in Crisis

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By Birgit Jennen

August 18, 2019 at 11:29 AM UTC

Updated on

August 19, 2019 at 6:17 AM UTC

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Finance Minister Olaf Scholz suggested Germany could muster 50 billion euros ($55 billion) of extra spending in an economic crisis, putting a number on a possible fiscal stimulus for the first time.