Thursday, March 28

Germany’s finance ministry casts doubt on relief measures – Spiegel


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BERLIN — Germany’s Finance Ministry is casting doubt on the usefulness and effectiveness of three government relief packages aimed at countering high energy prices, Der Spiegel magazine reported on Friday, citing a finance ministry paper.

“A complete compensation of reduced real incomes on the part of the state is neither affordable nor sensible from an economic point of view,” Spiegel quoted from a Finance Ministry document on preparations for a meeting of European finance ministers. (Writing by Paul Carrel; editing by Matthias Williams)



financialpost.com