German economy can get through long virus lockdown – finance minister

German Finance Minister Olaf Scholz attends a news conference following talks with state leaders to discuss anti-coronavirus measures at the Chancellery in Berlin, Germany

Europe’s biggest economy can hold out through a coronavirus shutdown for a long time, German Finance Minister Olaf Scholz said on Wednesday, adding he expected lower levels of government debt than after the financial crisis of 2008.

“We can hold out for a long time,” Scholz told ZDF television. “Budget legislators in the German parliament have authorised us to provide the aid that is needed,” he said.

Was it worth reading? Let us know.