The finance minister of the regional state of Germany's financial centre Frankfurt has committed suicide, police and the public prosecutor's office said in a joint statement on Saturday. German Finance Minister Olaf Scholz proposed extending job-preserving subsidies during the coronavirus crisis to 24 months, saying the measure would … REUTERS/Hannibal Hanschke Reuters Berlin unleashed an unprecedented array of rescue and stimulus measures, financed with record new borrowing of some 218 billion euros, to help companies and consumers get out of the crisis. That’s a good sign,” Scholz said in the Reuters interview, adding that the economy could also be back to pre-crisis level before 2022 if the recovery was supported in the right way. Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope … “We see that the economic recovery is making headway. “Our goal is that from 2022, we will be in a situation where we can pursue a budget policy within the framework of the normal rules of the constitution,” Scholz said. A German finance minister is believed to have killed himself amid concerns about the coronavirus’ effect on his state’s economy. The COVID-19 pandemic plunged Europe’s largest economy into its deepest recession on record in the first half of the year. The finance ministry plans to update its tax revenue estimates next week. The Associated Press. (Reporting by Christian Kraemer, writing by Thomas Escritt)Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Merkel on brink: Germany's debt reaches £270bn as finance minister lurches to left GERMANY's plan to take on £70billion in additional debt will … Scholz said he was therefore planning to take on new debt to a large extent also next year to sustain the recovery. REUTERS/Hannibal Hanschke

The state finance minister of Germany’s Hesse region, which includes Frankfurt, has been found dead. He declined to give an exact figure. REUTERS/Hannibal Hanschke It still retains a 15% holding in the lender. BERLIN (Reuters) – Germany’s banks are relatively stable and the government sees no need to boost the state’s holdings in them, Finance Minister Olaf Scholz told a … Reporting by Michael Nienaber; Editing by Douglas Busvine and Ed OsmondGerman Finance Minister Olaf Scholz attends a Reuters interview in his ministry in Berlin, Germany, September 7, 2020.

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and have not been previously reviewed, approved or endorsed by any other BERLIN (Reuters) - The German economy is recovering from the coronavirus shock and will reach its pre-crisis size at the beginning of 2022 at the latest, Finance Minister Olaf Scholz told Reuters on Monday but he added more debt was needed to sustain the achieved progress. German Finance Minister Sees No Need to Boost Government Holding in BanksBerlin has previously said it is ready to take stakes in strategically important companies that are endangered by the coronavirus pandemic, though no banks have yet been affected.The government took a stake in German bank Commerzbank in 2009, during the global financial crisis. Because our tax revenues also depend on it.” The comments underline Scholz’s determination to move Germany further away from its former image as Europe’s austerity champion and cement Berlin’s new role as the biggest spender in the euro zone’s struggle to recover from the COVID-19 outbreak.

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