Page 4 - Michael Huether News Today : Breaking News, Live Updates & Top Stories | Vimarsana

2021-04-23 14:05:55 GMT2021-04-23 22:05:55(Beijing Time) Xinhua English BERLIN, April 23 (Xinhua) -- Germany's Bundestag, or lower house of the Parliament, passed a supplementary budget on Friday and approved an additional 60 billion euros (72 billion U.S. dollars) in debt. The supplementary budget would provide "massive financial support for society as a whole," said Minister of Finance Olaf Scholz during his speech in the Bundestag. According to a government statement, the additional debt would allow a record of around 240 billion euros in loans this year to finance the "enormous bur...

2021-04-13 14:35:31 GMT2021-04-13 22:35:31(Beijing Time) Xinhua English BERLIN, April 13 (Xinhua) -- The German federal, state and local governments would take on an estimated 650 billion euros (773.1 billion U.S. dollars) in new debt between 2020 and 2022 in the course of the COVID-19 crisis, according to calculations published by the German Economic Institute (IW) on Tuesday. "Depending on what happens in the coming weeks and months, this figure could be even higher," said IW Director Michael Huether in a statement. The COVID-19 pandemic "was and remains the greatest economic and soc...