Economics
Merkel’s Stimulus Sequel May Total as Much as 100 Billion Euros
- German coalition set to discuss proposals at June 2 meeting
- Focus is now on aiding recovery after cushioning crisis blow
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German Chancellor Angela Merkel is preparing a second phase of stimulus of between 50 billion euros ($55 billion) and 100 billion euros to turbo-charge the economy’s recovery from the coronavirus crisis, according to a person with knowledge of the matter.
Finance Minister Olaf Scholz and his Social Democrat group want spending at the upper end of that range, while Merkel’s ruling conservative bloc is pushing back to avoid too much debt, said the person, who declined to be identified because discussions are confidential. Officials compiling proposals from ministries will present them to a meeting of coalition leaders in Berlin on Tuesday.