Reuters (04.06.2020) German Chancellor Angela Merkel’s coalition on Wednesday agreed on a stimulus package worth 130 billion euros ($146 billion) to help companies and workers in Europe’s largest economy recover more quickly from the coronavirus pandemic.
- Parents will get a cash handout of 300 euros per child. This costs 4.3 billion euros.
- The government stabilises the social security system, which includes public health care and unemployment aid, with a cash injection of 5.3 billion euros in 2020 and additional funds in 2021. This helps both companies and employees by keeping their social contributions below the 40% threshold of income.
- Parents will get a cash handout of 300 euros per child. This costs 4.3 billion euros.
- The government stabilises the social security system, which includes public health care and unemployment aid, with a cash injection of 5.3 billion euros in 2020 and additional funds in 2021. This helps both companies and employees by keeping their social contributions below the 40% threshold of income.