The virus isn't the only problem for Germany's nose-diving economy

Press quote (Bloomberg Quint)
14 May 2020

“The fiscal consolidation over the last 10 years has not increased our ability to weather this crisis,” said Christian Odendahl, the Berlin-based chief economist at the Centre for European Reform. “We refrained from going on a massive spending spree or lowering taxes massively. For the health of the European and world economy, we probably should have done both.”