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Merkel: Coronavirus is Germany's greatest challenge since World War Two - DW
Merkel urged Germans to follow these measures, underling that successful defeat of the virus depended on every person doing his or her part. "I truly believe that we will succeed in the task before us, so long as all the citizens of this country understand that it is also THEIR task," she said. "I also want to tell you why we also need YOUR contribution and what each and every person can do to help." Earlier in the day, German health experts warned that the total infections could reach as high as 10 million individuals in the next months if citizens do not follow the measures to slow the spread of the virus.
"I truly believe that we will succeed in the task before us, so long as all the citizens of this country understand that it is also THEIR task," she said. "I also want to tell you why we also need YOUR contribution and what each and every person can do to help."
Earlier in the day, German health experts warned that the total infections could reach as high as 10 million individuals in the next months if citizens do not follow the measures to slow the spread of the virus.
At the other end of the rainbow, the Euro problem will come to a head. I think this will be it. Schengen is toast!
As for the economic/financial consequences, it all depends on how long the crisis lasts. A lot of debt will be added to national balance sheets - the EU has only a small budget of its own, and is statute barred from borrowing, so it cannot magic up large resources without taking from one member state to give to others. (A v. difficult thing to do when all members are nursing big losses and deficits).
But provided the ECB allows borrowing on a massive scale, and keeps interest rates near zero, those balance sheet numbers need not have devastating impacts on the real economy. I realise that is a big proviso... Index of Frank's Diaries
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