Comments by German finance minister, Olaf Scholz
- Quick decisive steps needed to halt new wave of infections
- The dramatic increase in infections is very worrying
- Extra measures should be targeted, temporary and focused
- Ideally, they should be applied in such a manner nationwide
Well, we will have to wait and see what the meeting between Merkel and regional leaders on Wednesday will yield but a 'lockdown light' in any form would be a blow to the German economic outlook in Q4 - even if the auto sector has been holding up.