Germany Prepares Emergency Budget Amid Coronavirus Crisis

BERLIN—Germany is set to adopt fiscal measures worth up to €500 billion to support Europe’s largest economy through the country’s shutdown in reaction to the coronavirus pandemic.

The emergency budget, which could be approved by parliament as early as Wednesday, would allow the government to raise borrowing to the tune of €150 billion this year and include several hundreds of billions euros more in loan guarantees to help businesses of all sizes secure liquidity.

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