Germany won’t be able to solve all its economic problems with taxpayers’ money, the country’s finance minister said.
Germany won’t be able to solve all its economic problems with taxpayers’ money, the country’s finance minister told newspaper Tagesspiegel on Sunday.
Olaf Scholz said that it remains important to support companies through the crisis and to enable them to restart their businesses, however the state won’t be able to replace all their lost revenue in perpetuity, according to the report.
While Scholz said he is open to further economic packages to support hotels and restaurants as well as cultural and artistic institutions, he is against so-called helicopter money to bolster consumer spending as suggested by the Green Party.
Germany took its biggest step so far this week to ease coronavirus containment with preparations to open restaurants and all shops as well as to restart professional soccer games, while social-distancing rules are remaining in place.