Merkel Vows Government Support for Germany’s Virus Recovery
- Berlin will use ‘all its strength’ to back country’s economy
- BDI business lobby says money isn’t enough to secure revival
A sign tells customer to put a mask on at a fruit and vegetable stall at Viktualienmarkt in Munich.
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
Chancellor Angela Merkel said the government will support Germany’s tentative recovery from the fallout of the coronavirus crisis “with all its strength.”
Europe’s largest economy is showing signs of improvement, but the scale of the damage justifies Germany’s unprecedented borrowing and spending, Merkel said in a video statement to Germany’s BDI industry lobby in Berlin on Tuesday. But the powerful group slammed the government for not doing enough to bolster competitiveness.