Germany’s Scholz: Inflation aid programmes will likely need a boost

Published by

German government relief packages aimed at cushioning the blow of the economic turbulence being felt in the country were unlikely to be sufficient to insulate consumers fully, German Chancellor Olaf Scholz said on Thursday. “That’s why there’s a necessity to talk about what we need to do,” he said after meeting with the premiers of Germany’s 16 states. Like many other countries, Germany’s economy has been battered by the impact of the coronavirus pandemic, trade flow disruptions and fallout from the Russian invasion of Ukraine. Scholz said that a relief package worth €20 million ($21.5 million…

Read More

Leave a Reply