Germany will mobilize up to 50 billion eur more state aid for firms

Germany has the fiscal strength to mobilize further state aid of up to 50 billion euros ($60.5 billion) for companies affected by the second coronavirus lockdown, Economy Minister Peter Altmaier said on Thursday in a speech in parliament. This comes on top of grants already paid out of roughly 80 billion euros, an additional 23 billion euros as part of the Kurzarbeit job protection scheme, and a multi-year stimulus programme worth 130 billion euros, Altmaier told lawmakers.