The German government could come up with $55 billion (50 billion euros) in stimulus should the country’s economy fall on hard times, German Finance Minister Olaf Scholz said in Berlin on Sunday, according to Bloomberg News. German gross domestic product shrank 0.1% in the second quarter of the year, as the export-focused economy has faced difficulties related to global trade disputes. Scholz’s comments follow remarks last week by German Chancellor Angela Merkel who reportedly said she didn’t see a need for stimulus right away, but the government would respond if needed. The German DAX 30 index
jumped 1% to 11,679.65 in early trading on Monday, led by banks.
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