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Germany Eyes Targeted Stimulus When Crisis Ends, Scholz Says

  • Post-virus package would be ‘timely, targeted and temporary’
  • Germany has ‘firepower’ and will use it, finance minister says
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German Finance Minister Olaf Scholz says the country will use all of its firepower to revive growth in the wake of the coronavirus epidemic.(Source: Bloomberg)
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Germany is considering a “timely, targeted and temporary” stimulus plan to revive economic growth once the coronavirus epidemic subsides.

While additional spending to kick-start growth may follow on from Germany’s 750 billion-euro ($813 billion) rescue plan, banks are unlikely to get extra help, Finance Minister Olaf Scholz said in a Bloomberg TV interview, saying that a financial collapse looks unlikely and “makes no sense to speculate about.”