Germany’s Scholz: Govt doing everything it can to deal with the economic fallout

The government is doing everything it can to deal with the economic fallout of the coronavirus crisis, said the German Finance Minister Olaf Scholz on Wednesday.

Further comments

There is no blueprint for tackling a crisis like this.

There are hard weeks ahead but we can prevail.

We are focusing on targeted measures that work fast.

Meanwhile, Justice Minister Lambrecht said in a Handelsblatt interview, they are ready to fully nationalize companies in case of emergency.

Additional quotes

We must protect our economic structure during the crisis.

Must prevent selling off or breaking up of important companies.

• German Final IFO Business Climate Index misses estimates with 86.1 in March, EUR/USD off highs