Good Morning from Germany where 2020 saw return of State Leviathan. Public spending ratio jumped >50% to fresh peace time high as pandemic prompted govt to intervene. Berlin saved comps like Lufthansa or Tui w/billions & paid short-time allowances & generously approved subsidies

Good Morning from #Germany where 2020 saw return of State Leviathan. Public spending ratio jumped >50% to fresh peace time high as pandemic prompted govt to intervene. Berlin saved comps like Lufthansa or Tui w/billions & paid short-time allowances & generously approved subsidies https://t.co/EnjXxSppFk

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