“We don’t need a classic stimulus but liquidity to counter the coronavirus impact,” German Chancellor Angela Merkel told lawmakers on Wednesday, Reuters reported, citing sources with direct knowledge of the matter.
“Everything non-essential should be cancelled,” Merkel added. “Games behind closes doors are not the worst thing that can happen in this country.”
The shared currency’s reaction to these remarks was muted. As of writing, the EUR/USD pair was trading at 1.1376, erasing 70 pips, or 0.62%, on a daily basis.