Germany’s fiscal stimulus will be timely, targeted, temporary and transformative, German Finance Minister Olaf Scholz said Thursday, according to Reuters. “The federal government must help municipalities stabilize local public finances.”
“It is in our own interest that we also help European countries to recover from the coronavirus crisis,” added Scholz. “We don’t need to think about changing the debt brake.”
EUR / USD ignored these comments and was last seen losing 0.2% on the day at 1.0792.