Economy Minister: Altmaier defends billions in aid to the economy

Federal Minister of Economics Peter Altmaier (CDU) has defended the state’s billions in aid for the German economy affected by the Corona crisis.

The state must prevent the loss of millions of jobs because companies alone cannot do so, Altmaier said in the evening in the ARD “Report from Berlin”. It is important for him that there is no influence on business decisions.

“The state has to stay out and the state will stay out. This is true in the medium and long term,” the minister stressed. “But it is also important that we prevent millions of jobs from being lost because companies do not make it and in other countries the state invests precisely in these companies on the other side, namely in companies in Asia, America and elsewhere.”

If the German state did not intervene, it would mean a shift in the world economic weights at the expense of Germany. “And that is not acceptable in the interests of 83 million people in this country.”