Merkel stimulus seals German shift from frugality to largess

Press quote (Bloomberg Quint)
Christian Odendahl
04 June 2020

Christian Odendahl, chief economist at the Centre for European Reform, praised the measures unveiled on Thursday, saying that “very meaningful support” for families and municipalities “will all help a recovery.”“The VAT cut is the biggest surprise,” Odendahl told Bloomberg. “It’s a broad-basedstimulus” that allows “people to pull forward major purchases.”