Germany's top economists have called on the government to open its purse to curb the economic fallout from the coronavirus. In an interview for DW, Peter Bofinger outlines urgently needed support for companies.
Italy has recapitalized its airline Alitalia, and France is considering similar moves to rescue affected companies. Now even Germany seems ready to use the ultimate weapon in the coronavirus battle: nationalization.
The coronavirus crisis is bringing an old EU dispute back to light. Should financial solidarity in the European Union be limitless? The German government still says no. But the pressure is growing.
Germany's economy minister, Peter Altmaier, wants German companies to receive state support to compete against innovative firms in the US and China. Critics say the plan is incompatible with a free market economy.
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