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Germany's stimulus measures will be timely, targeted, temporary and transformative: Scholz

Published 05/14/2020, 09:41 AM
Updated 05/14/2020, 09:45 AM
© Reuters. The spread of the coronavirus disease (COVID-19) in Germany

BERLIN (Reuters) - Germany's fiscal stimulus package to help firms recover from the coronavirus crisis will be timely, targeted, temporary and transformative, Finance Minister Olaf Scholz said on Thursday.

"Early in June, we in the government want to agree to a comprehensive package of measures, an economic stimulus package that should bring new momentum and new growth," Scholz said.

© Reuters. The spread of the coronavirus disease (COVID-19) in Germany

The minister said that it was in Germany's own interests to help other European countries recover from the pandemic, adding that the federal government must also help municipalities stabilize local public finances.

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