Aug 19th, 2019

Germany May Spend an Extra 50 Billion Euros in Crisis

Germany could spend an extra 50-billion euros in an economic crisis. That’s according to the Finance Minister Olaf Scholz who has put a number on the possible fiscal stimulus for the first time. Germany’s output fell 0.1% in the second-quarter. Fears of a looming recession are pushing Berlin now to consider suspending its balanced budget policy. Bloomberg’s Birgit Jennen reports on “Bloomberg Markets: European Open.” (Corrects amount in headline to 50 billion euros and spelling of German Finance Minister's name in description.) (Source: Bloomberg)