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L ‘health emergency linked to the coronavirus will further test the finance and the economy of Germany for several months, if not years. This is the Chancellor’s prediction Angela Merkel, offered during his annual summer press conference, during which he specified that the the situation will get worse again, before getting better.
The only way to end the pandemic is through vaccine, whose development, although offered gods encouraging results, it is still very uncertain and it will probably be another year before it is commercialized. There are no words of comfort for the Germans, just a new invitation to keep it path of prudence.
Merkel: “Difficult months ahead”
L ‘health emergency is one of main topics facing Chancellor Merkel, and has announced that she will continue to do so until the end of her term, which could end in the autumn after 16 years of government. The coronavirus will remain a part of our lives for a long time, but Merkel tells herself satisfied from his options Mostly in economic field, claiming to be “Firmly convinced that it is a good decision to assume a high degree of debt, because anything else would have meant being in the grip of the pandemic for much longer”.
In fact, Germany has in the management of the epidemic crisis abandoned its austerity policies and suspended the limits of the constitutional debt to attend the emergency. The country also played a crucial role in the issue of Recovery Fund, with which Europe has made possible the pooling of loans between the different states.
Germany’s finances at risk
The pandemic will continue Germany financial stressThis is precisely why it is necessary to adopt unusual measures by the country, the Foreign Minister recalled:“Look at extraordinary circumstances they do not allow to act in an extraordinary way, then something is being done politically incorrect “.
The chancellor also defended her economic options by stating that the government aims to keep the more you can the balance is stable, obtaining 22,000 million euros from the Recovery Fund, which will be invested in recovery initiatives. The country will now have to work hard to “Maintain our economy and restart it“, focusing on some issues, such as climate change and the digitization.
Geopolitical tensions in sight
Germany is facing not only the health crisis, but also several tensions with Russia, whose relationships were affected by the suspected poisoning of Alexey Navalny, currently undergoing treatment at a Berlin clinic.
Merkel expressed concern that Russian President Vladimir Putin could send armed troops in Belarus to quell uprising movements. Tensions with Germany will continue for some time, the chancellor recalled, specifying however that they should not be accentuated.
