The German chancellor Angela Merkel has threatened a federal takeover of the pandemic fight
Key notes
Now need curfews, contact restrictions.
May use federal law to tighten german curbs.
”We have our emergency brake … unfortunately, it is not respected everywhere. I hope that there might be some reflection on this,” Merkel said in a rare appearance on broadcaster ARD’s Anne Will talkshow.
“What additional measures do we need? … We need to do more. We have the possibilities of restrictions on going out, further contact restrictions, further mask wearing … plus testing strategies in all places: so in schools twice a week, and through the economy”.
Market implications
The news should be a weight on an already pressured euro at the start of the week which has started to correct the bearish daily impulse.
