Merkel says German economic stimulus package is worth 130bn EUR
Merkel announcing more on this: ICYMI: Deal agreed on Germany's stimulus package
Merkel is briefing the media on the package.
- includes lower VAT rate to help boost consumption (lower VAT is temporary)
- EUR 300 bonus payment per child
- Backstop municipal tax losses by 50%
- EUR25 bn credit lines for most hit business