Finance Minister Olaf Scholz told the Bundestag lower house of parliament that “it will be very important for us as the largest economy in the middle of the European Union, whether we are actually able to counteract a negative economic trend”.

And, “with the solid financial foundations we have today, we are in a position to counter an economic crisis with many, many billions of euros if one actually breaks out in Germany and Europe.”

He added, “we’ll really do it then, it’s Keynesian economics, if you want to put it that way, it’s an active policy against the crisis.”

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