The German government is readying stimulus measures requiring about 350 billion ...
German Chancellor Angela Merkel and German Finance Minister Olaf Scholz attend the weekly cabinet meeting in Berlin, Germany March 11, 2020. REUTERS/Michele Tantussi
BERLIN - The German government is readying stimulus measures requiring about 350 billion euros in net new debt to counter the coronavirus crisis, several people familiar with the plans told Reuters on Saturday. The package will include a supplementary government budget of about 150 billion euros, 100 billion euros for an economic stability fund that can take direct equity stakes in companies, and 100 billion euros in credit to public-sector development bank KfW for loans to struggling businesses, the sources said.
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