German economy minister Altmaier laid out a three-phase-plan for Germany’s economic policy response to the coronavirus hit. Economists at Danske Bank do not expect a pro-active stance from Germany. Key quotes “In the first phase – where we currently are according to the government’s assessment – the state plans to help affected companies with liquidity problems via access to KfW credit and credit guarantees.” “In a second phase, where the corona crisis worsens beyond some isolated companies and sectors and factory closures become more widespread, the government plans to make more funds available for the aforementioned instruments to a volume of ‘a few billion euros’.” “Only in a third step, where Germany is faced with a fully-fledged economic crisis of 2008/09 dimensions, has the government signalled its readiness to enact a big stimulus package.” “We expect Germany’s fiscal response to the corona crisis to stay reactive rather than pro-active, thereby remaining a disappointment to market expectations.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Door open to 1.15 FX Street 3 years German economy minister Altmaier laid out a three-phase-plan for Germany’s economic policy response to the coronavirus hit. Economists at Danske Bank do not expect a pro-active stance from Germany. Key quotes “In the first phase – where we currently are according to the government’s assessment – the state plans to help affected companies with liquidity problems via access to KfW credit and credit guarantees.” “In a second phase, where the corona crisis worsens beyond some isolated companies and sectors and factory closures become more widespread, the government plans to make more funds available for the aforementioned instruments to a volume… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.