the Situation in the German economy is now the most severe in the history of the country. This statement spoke on Thursday, German Chancellor Angela Merkel in the TV channel ARD, urging citizens to understand this point.
Merkel recalled that about seven million inhabitants of the country were transferred because of the pandemic on part-time work. “We must do everything to get out of the crisis”, – quotes the Chancellor TASS. She noted that it is unknown how long the pandemic coronavirus, and when the vaccine will be created. “We can’t predict the future, but I think we acted properly,” said Merkel, Recalling the agreed package of measures to stimulate the national economy.
Recall that in the course of two meetings, which lasted almost 21 hours, Germany’s ruling coalition adopted a package help the economy in 2020 and 2021 in the amount of 130 billion euros to overcome the crisis caused by the pandemic. This is the biggest stimulus package since the reunification of Germany. There is also the reduction of VAT from 19% to 16%, which should free the citizens from payments for the sum about 20 billion euros.
