In view of the consequences of the coronavirus pandemic, a courageous response is needed, stressed Chancellor Angela Merkel when she presented the economic stimulus and future technologies package. It is about securing jobs and getting the economy back on its feet, she said. The measures agreed are worth a total of 130 billion euros. The aim, explained the Chancellor, is to emerge strongly and together from this "extremely difficult situation". The first foundation stone has now been laid.
The package is geared to climate change mitigation and to promoting the technologies that will be important in future, alongside social-policy components. "It is an ambitious programme," declared Angela Merkel. The key elements are a cut in value added tax, and support for families, the private sector and local authorities.
"We want to hit the ground running as we come out of this crisis," said Federal Finance Minister Olaf Scholz, commenting on the package that the government will now be implementing. The package is to stimulate consumer spending, while also launching structural changes that will carry on well into the decade.
These are some of the main points hammered out by the coalition government: