Germany unveils huge €130bn coronavirus recovery package

Posted by on June 4, 2020 7:09 am
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Categories: Global Stories

Tax and spending measures are designed to provide country with big economic boost

Germany has unveiled a massive €130bn (£116.4bn) package of tax and spending measures designed to boost the country’s economic recovery from the coronavirus crisis.

Announcing measures to drag Europe’s largest economy out of recession as lockdown measures are removed, Angela Merkel’s government said it would use the package of sweeping temporary tax cuts and increase benefits to turbocharge its recovery.

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