World Germany will take on more debt to overcome the effects of the coronavirus
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BoE governor Andrew Bailey said aggression rather than caution is best in the face of uncertainty.Britain's economy shrank by 20% in the three months to June - the biggest fall of any large advanced economy.
HEALTH-CORONAVIRUS-GERMANY-DEBT: Germany will take on more debt to overcome the effects of the coronavirus
EFFECTS BERLIN (Reuters) - Germany plans to increase its debt next year to a level above what was initially planned in order to finance further aid measures against the epidemic due coronavirus, a government source said on Wednesday.
German Finance Minister Olaf Scholz plans to contract new debt in excess of 100 billion euros for 2021, the initially planned amount of 96 billion not being enough to support companies in Europe's largest economy to dealing with the second wave of the pandemic, this source reported.
Olaf Scholz is reportedly considering an aid package worth up to 10 billion euros to compensate companies affected by a new round of restrictive measures, three people familiar with the matter told Reuters on Wednesday.
(Michael Nienaber, French version Laetitia Volga, edited by Nicolas Delame)
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