German Finance Minister Olaf Scholz said on Wednesday 2 September that the economic crisis will continue to rage into 2021 and will require exceptional budgetary solidarity measures.
“The economic situation is serious” and “will not end this year”, the consequences of the Covid-19 pandemic could therefore divide Member States, the current President of the Ecofin Council told the European Parliament’s Committee on Economic and Monetary Affairs. Hence the importance, according to...