Europe’s economic powerhouse can overcome long-term coronavirus-induced lockdown, Germany’s Finance Minister said Wednesday Olaf Scholz, in an interview with ZDF television.
Featured statements:
“We can hold out for a long time“.
“Probably we have less debt after the pandemic than after the financial crisis of 2008“.
“The budget legislators in the German parliament have authorized us to provide the necessary assistance.”
Market reaction
He EUR/USD has caught a new wave of bids, as the US dollar returns to the red zone after both Democratic candidates lead the race for the Georgia Senate.
The pair last traded at 1.2316, gaining 0.20% on the day.
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