Posted on 03/21/2020 10:37:34 AM PDT by Olog-hai
The German government is planning an economic aid package worth €822 billion to prevent companies from going under during the coronavirus pandemic.
The planned funds are to be made available according to a draft bill seen by AFP on Saturday.
The funds will go towards a slew of aid programs, including help for employees forced into shorter work hours.
They may also be used to fund the partial nationalization of large enterprises in order to keep them afloat, according to the text. […]
Germany’s so-called “debt brake” was written into its constitution in 2009, and limits a federal budget deficit to 0.35 percent of GDP.
The limit can be exceeded only in emergencies, for instance in natural disasters or other extraordinary situations that significantly impact the country’s finances. …
(Excerpt) Read more at thelocal.de ...
They have that money to throw away? Why can’t they pay their share of NATO?
Please challenge my math if I’m wrong but:
That’s about 900 billion USD, but Germany is 1/4 our population so about equivalent to 3.5 trillion (because I rounded up on the currency conversion so rounded down this time but hey it’s only a 10th of a trillion among friends) which seems quite comparable to the pig we’re about to push out.
Aw, they can’t let a good crisis go to waste. The EUSSR was about that long before Obama’s lackeys started echoing their European counterparts.
I’m still sitting at the mailbox waiting for my coronacheck
No no no! It's printed ... go to your printer. Print presses are antiquated. Now they just send it to your printer.
Is this AFTER or BEFORE frau Merkel pays for NATO?
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