Germany Vows to Counter Virus Curbs With Massive Company Aid
- ‘Situation is serious,’ Finance Minister Scholz says
- Contraction may be smaller on measures to protect economy
Photographer: Alex Kraus/Bloomberg
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Germany promised “massive” support for companies affected by a month-long, partial shutdown to safeguard the economy’s tentative recovery from the fallout of the coronavirus.
“The situation is serious even if it’s not evident for everyone,” Finance Minister Olaf Scholz said Thursday at a joint news conference with Economy Minister Peter Altmaier. “November is the month of truth” in the fight against the pandemic.