Merkel: 130 billion euros for economy to deal with the effects of pandemic

The leaders of the ruling coalition parties in Germany, the CSU, CSU and SPD agreed on a multibillion-billion-dollar stimulus package to boost the economy after the Corona virus crisis again.

According to Chancellor Angela Merkel (CDU) package for economic stimulus in the fight against the consequences of the Corona pandemic includes about 130 billion euros. The money will be available in 2020 and 2021. 120 billion euros from this package are made available by the federal government.

Government coalition leaders discussed this large stimulating package two days in a row. Merkel said we will try to get stronger from the extremely difficult situation together. German railway enterprise “Deutsche Bahn” will receive billions of euros in financial assistance from the federal government due to lack of income during the Corona crisis. In all, this means that the federal government will make it available to Deutsche Bahn five billion euros. The 2.5 billion-euro aid is also planned for local public transportation. / DW/