The head of Germany's Social Democrats called on Sunday for more support fo...
BERLIN - The head of Germany’s Social Democrats called on Sunday for more support for firms forced to cut output because of the coronavirus epidemic, ahead of a policy meeting with the other parties in Chancellor Angela Merkel’s government.
Concern is growing that the rapid spread of the virus could sever the supply chains and disrupt the trading links on which Europe’s largest economy relies. In an interview with Deutschlandfunk public radio, Norbert Walter-Borjans said that rather than “sprinkling” stimulus spending, support should be targeted at affected sectors, including state support to prop up wages for those whose working hours have been cut.
He declined to speculate on how much this would cost, though Finance Minister Olaf Scholz has previously said money is available for stimulus spending. Currently, workers on reduced hours can receive wage support for up to six months.
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