SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
rdkflorida2
To: Sdgla who wrote (1222337)4/19/2020 1:28:54 PM
From: puborectalis1 Recommendation  Read Replies (2) of 1578930
 
Chancellor Angela Merkel’s government allows smaller stores to reopen after a shutdown that deprived German retailers of 30 billion euros ($33 billion) in sales and pushed many shops to the brink of bankruptcy. Germany is among the first nations in Europe taking cautious steps toward normalcy as the pandemic continues to shutter factories, restaurants and shops from Madrid to Prague.

Merkel has won plaudits for her crisis response even as the economy plunged into a deeper recession than during the financial crisis a decade ago. After imposing social distancing measures on March 22, her government fast-tracked more than 1 trillion euros in aid to companies and workers to avoid bankruptcies and mass layoffs.

What’s happening now in Europe’s biggest economy is likely to be watched by other countries from Italy and Spain to the U.S. and beyond.

Retail spaces of less than 800 square meters (8,611 square feet) — like Frese’s in the city of Freiburg near the French border — will be reopening, along with car dealerships, bike shops and book stores. Bars, restaurants, gyms and larger stores will have to remain closed. The government is “urgently” recommending that everyone wear face masks.

Germany’s comprehensive testing and relative progress in protecting vulnerable people have led to a lower fatality rate than European partners such as Italy, Spain and the U.K. The country has gotten through the “first wave” in good shape thanks to citizens’ adhering to strict contact curbs, Health Minister Jens Spahn said Friday.

That creates an opening for Germany as governments across Europe seek to limit the economic damage while avoiding a second wave of infections from the virus, which has killed more than 50,000 people in the region.

That's a real LEADER!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext