Germany's successful response to the coronavirus is attributed to early lockdown, extensive test plan and functioning of its robust healthcare system. There are more than 1.83 lakh positive cases recorded in Germany including 8.500 causalities. It is the question how they handle economic situation amid lot of suspicions and doubts.
German government stimulus economic plan is so good and
everyone should accept. Economic plan has safe-guard and protect every section
of the people. German government allowed its citizens not to pay rent if they
affected with covid-19. Angela Merkel made this as an act which gave shelter to
all its citizens. Merkel government gave exception to people not to pay any
taxes to government and allowed them to pay in 2021. Germany gave 15 billion
Euros of free money to entrepreneurs and start-ups.
The government paid of 70% of salaries of the people in small business to get out from the financial crisis. This will gave job security to all employees who are working in Small Scale Industries. Government allocated 600 billion Euros as loans to all big industries aiming to survive and retain the jobs. On a whole, Germany is spending 60% of its GDP just to revive the economy while other countries are spending not more than 10%. The implementation of the package is within weeks to reach the end user. This is the fastest economic recovery plan in the world.
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