3/24/2020, 8:29 AM (Source: TeleTrader)
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Altmaier: Germany to return to 'frugal' policy

German Federal Minister for Economic Affairs and Energy Peter Altmaier (pictured) said on Tuesday that the country will return "to the frugal policy after virus."

He said that the global logistics chains are "not adequately equipped to deal with exogenous shocks such as the corona pandemic. In the future, the supply relationships would have to be more resilient."

Two weeks ago he said that he expects the country is "going to have to deal with the consequences all month of April and the whole month of May."

Breaking the News / TF