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Germany lowers the vat in the aid package of 130 billion euros

the Parties in Germany's coalition government agreed on an economic aid package of 130 billion euros.

This was stated by the German chancellor, Angela Merkel, on Wednesday evening, according to Reuters and other news agencies.

the Amount is equivalent to approximately 969 billion.

The aid package should help to get Europe's largest economy on its feet again after coronakrisen.

the Package contains, among other things, a temporary reduction of the vat in the hope that it may stimulate the citizens ' spending.

- We've tried to do the best we can, in a very, very difficult situation, said Angela Merkel, according to Bloomberg News.

In the rest of the 2020 will the vat be put down by three percentage points - to 16 percent from 19 percent.

The part of the package will cost the German treasury of 20 billion euros, writes Bloomberg.

According to the German news agency dpa will municipalities, which are financially hard hit by the closure under viruspandemien, in addition to receive financial support.

in Addition, all German families receive 300 euros per child, and the buyers of electric cars will get a discount of 6000 euro, which is financed by the state. It is a doubling compared with the previous prize, writes news agency AFP.

Angela Merkel and notes at the press, to millions of German workers during the decommissioning has been set down in the working time.

- It shows how fragile it all is and why we must succeed to boost the economy and secure jobs, she says.

In march, the German government, an even larger stimulus package to mitigate the negative consequences of virusudbruddet.

In the first quarter of 2020 pulled the German economy out together with 2.2 percent compared to the previous quarter.

It was the largest decline since the first quarter of 2009, when the global financial crisis raged.

In the second quarter of 2020 - april, may and June - is expected an even greater decline. A number of economic think tanks in Germany have previously estimated a decline of almost ten percent. The think tanks predict, however, a rapid recovery of the German economy, with an estimate of 5.8 percent of gdp growth in 2021, has dpa previously written.

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