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Tag: stimulus package

Germany economy package for coronavirus pandemic

Germany agrees to a 130 billion euro package to boost the economy affected by the coronavirus pandemic.

Germany will put 130 billion euros into an economic stimulus package to revive an economy that was severely affected by the coronavirus pandemic, Chancellor Angela Merkel said late Wednesday.
As part of the far-reaching measures, outlined in a 15-page document, the value-added tax is to be lowered temporarily, families are to receive 300 euros per child, and the state discount on the purchase of electric cars is to be doubled to 6,000 euros.

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