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German Economy Can Withstand Long Lockdown

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The German economy can withstand the lockdown against the coronavirus for a long time. This was stated by the German Finance Minister Olaf Scholz to the German television channel ZDF.

 

“We can keep this up for a long time. Budget experts in parliament have permitted us to provide the support we need, ”Scholz told the public broadcaster.

He also expressed the expectation that the German public debt after the corona crisis will be less high than after the financial crisis that broke out in 2008.

On Tuesday, the German government announced that the current restrictive measures would be extended at least until January 31.

The rules are also being tightened. For example, Germans may be prohibited from travelling further from 15 kilometres from their residence if the infection rates in their region are too high.

Last month, Germany decided to close schools, cafes, restaurants, and non-essential businesses and shops to prevent the spread of the coronavirus. Then it was announced that the rules would last until January 10 at least.

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