The situation of the coronavirus pandemic in Germany is worse than anyone expected and they are under pressure to act, German Economy Minister Peter Altmaier said on Thursday, Reuters reported. “Until now, the government has made 75 billion euros available to companies affected by the pandemic“, Altmaier pointed out.” The government will continue to provide […]
Tag: DAX
Germany: Merkel Says 8-10 More Weeks of Tight Coronavirus Measures Needed
German Chancellor Angela Merkel has told lawmakers that they need 8 to 10 more weeks of strict measures against the coronavirusGerman daily Bild reported Tuesday, citing a conservative lawmaker. “If we cannot stop this strain of the British virus, we will have 10 times more cases by Easter“Merkel has said.”We need eight to ten more […]
Germany: The government and the states agree to extend the blockade until January 31
The government and the German states agreed to extend the coronavirus lockdown until the end of JanuaryReuters reports Monday citing the German newspaper Bild. Earlier in the day, the Robert Koch Institute (RKI) said that there were 9,847 confirmed infections and 302 COVID-19 related deaths on Monday. The German Chancellor is expected, Angela Merkel, make […]
Germany will have between 3 and 4 million doses of the Pfizer vaccine in January
A spokesperson for the German Ministry of Health said on monday that will have 3 to 4 million doses of the coronavirus vaccine developed by Pfizer and BioNTech in January and they will raise the total amount to 11 million in March, according to Reuters. The spokesperson further noted that they expect the European Medicines […]
Germany plans to extend the closure of restaurants and hotels until January 10
The German government plans to extend restaurant and hotel closures until January 10 due to COVID-19, reported Reuters on Wednesday, citing sources familiar with the matter. Earlier in the day, German Health Minister Jens Spahn told reporters that his goal is to have as many different vaccines with different effects available as soon as possible. […]
Germany: The economic consequences of the pandemic will remain with us for years
The economic consequences of the coronavirus pandemic will be felt for years to come, the German chancellor said on Monday, Angela Merkel, Reuters reported. “I hope that we can find a solution to ensure the approval of the recovery fund and the EU budget,” Merkel added, noting that the upcoming EU summit will be crucial […]
We will expand coronavirus aid to companies
The German Ministry of Economy announced on Friday that they will expand coronavirus help for companies, as reported Reuters. “Coronavirus aid for businesses will amount to 4.5 billion euros a week in December,” the statement revealed. Hours before, German Finance Minister Peter Altmaier It said they did not expect a wave of restaurant and hotel […]
Spahn says they have stopped the exponential growth of infections
Following the latest coronavirus-related restrictions, Germany’s Health Minister Jens Spahn has said that have stopped the exponential growth of infections, but has also pointed out that they are not yet where they should be, as reported by Reuters. Additional comments: “Regardless of how we respond to this pandemic, there will be costs, the question is […]
Bundesbank says economy likely to stagnate or slow in fourth quarter
Germany’s economy is likely to stagnate or contract in the fourth quarter of the year due to coronavirus-related tightening measuresthe Bundesbank said in its monthly report on Monday, Reuters reports. “Overall economic performance could stagnate or even decline after very strong growth in the summer,” the Bundesbank said. Market reaction This headline does not appear […]
Germany: 30% of the German population is in a risk group for coronavirus
“Measures that reduce contact between people are successful,” said the German chancellor, Angela Merkel, and noted that they will likely have to limit person-to-person contacts in private during all winter months, according to Reuters. Additional conclusions “We understand that people are disappointed that the virus is taking so long.” “The light at the end of […]