Germany has means to respond if coronavirus sparks economic crisis: finance minister

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Germany has means to respond if coronavirus sparks economic crisis: finance minister
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Germany would be in a position to enact a fiscal stimulus package should the cor...

FILE PHOTO: German Finance Minister Olaf Scholz of the Social Democratic Party speaks during an interview with Reuters in Berlin, Germany, February 19, 2020. REUTERS/Annegret Hilse/File Photo

The spread of the virus has raised fears of a pandemic. In Germany there have been 66 confirmed cases, and a government crisis committee on Friday widened cross-border travel guidelines and canceled major international events. The German economy, Europe’s biggest, has been weakening as its export-oriented manufacturers languish in a recession. There are fears the coronavirus outbreak could sink Germany into a recession, given the economy’s reliance on exports and Chinese supply chains.

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