FRANKFURT (Reuters) - German finance minister Olaf Scholz said on Saturday that the government was readying a supplementary budget of 150 billion euros ($160 billion), as part of a broader funding package to tackle the economic impact of the coronavirus outbreak.
“A hundred and fifty billion is a large amount, but it gives us the flexibility that we now need,” Scholz said.
The Franco-German proposal for the European Union to raise debt in order to issue grants for its economic recovery is a historic step, French Finance Minister Bruno Le Maire said on Tuesday. Ciara Lee reports
Amazon's global ecommerce sales will reach $416.48 billion in 2020, according to Business Insiders latest latest estimates. Consumers are relying more heavily on e-commerce due to COVID-19. The new figure is about $12 billion more than our pre-pandemic estimates. Most of Amazon's sales come from the US. However, the pandemic has also fueled growth in Germany, the UK and Japan.
It's the first visit of the German Chancellor to Brussels since Germany took the reins of the EU Council presidency. She is addressing MEPs who want a bigger role in budget talks. She is hoping to get a deal, which includes the parliament's approval, on the trillion-euro recovery package.View on euronews
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