Merkel warns economic consequences of Covid pandemic could last years ...News

German Chancellor Angela Merkel told reporters on Monday that she fears the economic consequences of the coronavirus pandemic will reverberate for years to come.  Merkel praised improved coordination between EU member states during the pandemic, but called on nations to recognize the critical importance of EU instruments in repairing the financial damage it has caused, as the bloc “will have to deal with the economic consequences of Covid-19 for several years.”   The remarks follow the German parliament’s decision to extend lockdown measures in the country over concerns that the health system could be overwhelmed by coronavirus cases.

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