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Germany eases out of coronavirus lockdown with partial opening of shops, schools

Germany eases out of coronavirus lockdown with partial opening of shops, schools

By , BERLIN (Reuters) - Germany has achieved a “fragile intermediate success” in its the fight against the coronavirus and will take small steps out of lockdown with the partial reopening of shops next week and schools from May 4, Chancellor Angela Merkel said on Wednesday.Social distancing rules would remain in place until May 3 under the measures that Merkel and the governors of Germany’s 16 states agreed at Wednesday’s meeting. They plan to meet again on April 30 to review how to proceed after May 3.Under Wednesday’s agreement, retailers whose shops are up to 800 square metres will be...

April 16, 2020
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Germany eases out of coronavirus lockdown with partial opening of shops, schools

Germany eases out of coronavirus lockdown with partial opening of shops, schools

By , BERLIN (Reuters) - Germany has achieved a “fragile intermediate success” in its the fight against the coronavirus and will take small steps out of lockdown with the partial reopening of shops next week and schools from May 4, Chancellor Angela Merkel said on Wednesday.Social distancing rules would remain in place until May 3 under the measures that Merkel and the governors of Germany’s 16 states agreed at Wednesday’s meeting. They plan to meet again on April 30 to review how to proceed after May 3.Under Wednesday’s agreement, retailers whose shops are up to 800 square metres will be...

April 15, 2020
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Germany to double net borrowing for 2021 to fight pandemic impact

Germany to double net borrowing for 2021 to fight pandemic impact

By BERLIN (Reuters) - Germany plans to almost double the borrowing it had planned for next year to finance emergency aid for businesses during the second wave of the COVID-19 pandemic, Finance Minister Olaf Scholz said on Friday.The parliamentary budget committee agreed to a debt figure of almost 180 billion euros ($215 billion) - the second largest amount of net new borrowing in the history of post-war Germany.“Our goal is to overcome this pandemic and grow out of it with full strength next year,” Scholz said during a virtual news conference, adding that the stimulus package for this year...

November 27, 2020
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Lufthansa accepts tweaked demands by Brussels over state bailout

Lufthansa accepts tweaked demands by Brussels over state bailout

By , , BERLIN/FRANKFURT (Reuters) - Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.The agreement comes after the airline’s supervisory board on Wednesday rejected an initial deal with Brussels including conditions that were significantly more painful.Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus...

May 30, 2020
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