Financial “Shield”: Germany’s Actions to Face the Pandemic-Fuelled Economic Crisis
Financial “Shield”: Germany’s Actions to Face the Pandemic-Fuelled Economic Crisis

Author(s): Sebastian Płóciennik
Subject(s): National Economy, Governance, Economic policy, Welfare systems, Health and medicine and law, Economic development
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Germany; Coronavirus pandemic; financial shield; economic crisis; economic policy; health crisis; financial measures;
Summary/Abstract: The coronavirus pandemic carries the risk of a deep economic downturn in Germany. The government has decided to minimise this decline by enacting a liquidity support programme for companies and protecting employment. These actions increase the chances that the crisis will be milder and the economy will rebound faster in the second half of the year, assuming the health crisis is resolved. The decisions by Angela Merkel’s government have boosted a difficult discussion about the need for joint fiscal measures in the euro area.

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