German parliament backs EU750B crisis spending package

Author: Adam Button | Category: News

That's a big number

Germany's parliament approved aid for smaller firms and the self-employed. It includes a 156B euro supplementary budget.

That's a huge number. Germany's GDP is one-fifth of the US which just unveiled an enormous $2 trillion package. In relative terms, this is much bigger. That said, the details matter. Parts of both programs are loan guarantees and those don't necessarily cost anything because they will be paid back.

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