Germany launches 750 bln euro package to fight virus

BERLIN — Germany on Monday agreed a package worth up to 750 billion euros ($808 billion) to mitigate the damage of the coronavirus outbreak on Europe’s largest economy, with Berlin aiming to take on new debt for the first time since 2013. The federal government’s supplementary budget of 156 billion euros, which will be financed with new borrowing, underlines Berlin’s determination to use “all we have” to reduce the impact of coronavirus, Finance Minister Olaf Scholz said. “That’s a very big package with a lot of measures,” Scholz told reporters during a joint news conference with Economy Minister Peter Altmaier, adding...