up to be a bumper year for the Hotel Esplanade in Dortmund. On February 13th its owners threw a big party to celebrate a €2.5m extension, and to mark the moment that Katja Kortmann took over as manager from her retiring father. Two weeks later the cancellations began: first a trickle, then a tidal wave of up to 300 a day. On March 27th the Esplanade will close its doors to guests and send its 40 staff home. The plan is to reopen on April 19th, but Ms Kortmann doubts that will happen.
Germany has had to slaughter several sacred cows to get here. The government’s supplementary budget foresees borrowing of €156bn this year, around 4% of no-deficit policy, in force since 2014, is history. The Bundestag had to invoke an emergency clause in the constitutional debt brake, which normally limits borrowing to 0.35% of. A rotating cast of international financial institutions has long urged Germany to loosen its purse-strings.
At the European level there has been some cross-border solidarity: several German states have accepted patients from overloaded French and Italian hospitals. But the German government is unwilling to heed requests to back jointly guaranteed euro-zone debt . “If we’re declaring war on the virus, eurobonds should be the instrument of choice, but I’m not hopeful,” says Moritz Schularick, an economics professor at the University of Bonn. The pandemic has changed a lot in Germany. But not everything.
Keeping it simple.
Nigeria, when?
Congrats Merkel, Congrats Germany
march4progress Where do Americans sign up for this German cash for everyone?
Brrrrr
Ich will!!
難局にメルケル氏を持つドイツ、羨ましい。
Cash for everyone? I think that means me also even though I don't live in Germany. How do I get mine.
👍💯
Money for Italy!Help Europe
Germany offers affected companies ' unlimited loans'.
Isso prova que poupança é investimento.
That worked out well for Greece
angelamerkle needs to change Germany economic policy, stop helping the rich stop food riots in Greece and Italy stop people dying they are refugees too Turn EU_Commission into a thing that serves people not corporations, then the UK would have stayed
😂😂😂😂😂 so when the COMPANIES need help it's ok to give out free money 🤣🤣🤣
When we spend let's all make sure we spend it carefully on UK, EU, European goods and services, we don't want European money making its way back into China's pockets ... this is a moment to put Brexit aside and see the value of European solidarity and unity. 🇬🇧♥️🇩🇪 🇬🇧♥️🇪🇺
Crazy times!
Why?
I really hope that the figure of death rate is unmistaken...🙏
Because Merkel is a great leader !! Women leaders ROCK !!
that's the spirit..💪
Sometimes it is a good choice to hug and not be surprised
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