Global Analysis from the European Perspective. Preparing for the world of tomorrow

Germany agrees a fresh $146 billion stimulus plan to fight the economic impact of coronavirus, days after the EU’s record-breaking proposal


  • Germany launched a fresh $146 billion stimulus to help the economy navigate through coronavirus.
  • As part of the plan, VAT will be slashed from 19% to 16% for six months as of July 1.
  • The rescue plan also includes a $56 billion fund for climate change innovation and digitization in the German economy.
  • The plan was expected to be worth a maximum of $112 billion.
  • The EU published its own plans for an $826 billion continent-wide coronavirus rescue package last week. Source Business Insider


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