WASHINGTON (Reuters) – The Group of 20 nations must offer poorer countries a longer freeze in debt payments and other help to protect the global economy from long-term scarring inflicted by the COVID-19 pandemic, leading business and labor groups said. Warning of job losses, increasing poverty, rising child mortality and […]
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Germany Boosts Debt by Another $70 Billion to Finance Stimulus
(Bloomberg) — The German government plans to raise a further 62.5 billion euros ($70 billion) in debt to help pay for a massive stimulus program designed to pull Europe’s largest economy out of its worst recession since World War II. That would bring total borrowing this year to 218 billion […]