Germany's bold new economic plan for a post-coronavirus world
Chancellor Merkel's plan has elements of state capitalism and gives the government powers to intervene in the economy.
by Birgit Jennen and Arne Delfs • Bloomberg
29 May 2020 08:39 GMT
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“We have seen that others, whether the United States of America, South Korea, Japan or China, have relied very heavily on global champions,” Merkel said. “I believe that this approach is the necessary answer.”
Chancellor Merkel's plan has elements of state capitalism and gives the government powers to intervene in the economy.
by Birgit Jennen and Arne Delfs • Bloomberg
29 May 2020 08:39 GMT
...
“We have seen that others, whether the United States of America, South Korea, Japan or China, have relied very heavily on global champions,” Merkel said. “I believe that this approach is the necessary answer.”
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