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

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The financial relief packages the German government has passed in recent months to cushion the blow of economic turbulence for its residents won’t be entirely enough to do the job right for this year, said Chancellor Olaf Scholz on Thursday. “That’s why there’s a necessity to talk about what we need to do,” he said after a meeting with the premiers of the country’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 €20 million package alr…

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