Europe

Is Germany Going To Fall On Its Knees In The Wake Of The Coronavirus Epidemic? What’ll Ms. Merkel Do Now?

Berlin seems normal. So does Munich. And ditto for Hamburg. There are cars on the roads. The Autobahns are not running empty. There’s some usual buzz in the public transport mediums. The trams are functioning. And so is the metro rail in Deutschland.

©EPA

In fact, the noted carmakers across Germany are back at it; devising interesting marketing ploys to sell cars after having abstained from a period of sales owing to the Coronavirus-marred lockdown.

A few restaurants and cafes are back open again. People can be seen sitting in public spaces, bonding and connecting with one another, once again. Yes, there were testing times indeed for one of Europe’s economic powerhouses and valiant forces. But now, the dark days are a thing of the past.

Moreover, you can move from Thuringia toward Baden-Wurttemburg. There’s also more domestic traffic expected to move between Berlin and Lower Saxony and toward other regions. Interconnectivity seems to be working once again.

Yet, truth certainly is that there was a certain dark impact of the Coronavirus on the economic behemoth that’s Germany. So much so that the economic researchers and subject matter experts suggest that the country has plunged into a new state of recession.

So what lies ahead in the imminent future? And what can be expected at this point in time; what does the 65-year-old political head honcho Angela Merkel feel?

Here’s what a minister close to Ms. Merkel and higher up in the leadership at the CDU had to say on the pressing matter:

Germany has so far taken more than a trillion euros into its hands to fight the crisis.

“The revival of our economy will cost tens of billions more.

“And we already agreed 540 billion at the EU level last week in the German Bundestag.

“Germany is also asked to pay for this.”

That being said, here’s what noted British publication Daily Express had to state on the said matter:

France and Germany proposed the mammoth aid package this week in order to save the bloc from economic meltdown. Despite proposing the financial aid package, a member of Germany’s coalition government and Christian Social Union politician, Hans Michelbach questioned the package and whether Germany could shoulder the majority of the package. Not only has the EU put forward a £448billion package but it has also triggered a £540billion European Stability Mechanism in order to try and salvage Europe’s recovery.

At this point in time, it appears that the concept of economic solidarity between the likes of France and Germany is of urgent importance.

This is both interesting and challenging at the same time since both countries- key members in the region of Western Europe- have their own economic woes to battle. The entire economy has to be brought back from the state of dementia, if it can be said in that way!

Moreover, creation of new jobs, such a key aspect of concern for both France and Germany may certainly keep the two on their toes.

Suggested Read: Germans Return To Churches, But Singing Not Allowed!

In the light of these developments, surely it can be said, the coming few months are going to be of absolute paramount importance for Germany and its close economic and political ally France.

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Dev Tyagi

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Dev Tyagi

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