Bloomberg German Finance Minister Olaf Scholz is planning a 57 billion-euro ($62 billion) aid package to help municipalities being hit by the economic fallout from the coronavirus pandemic, a person familiar with the matter said. The plan, which Scholz announced on Saturday without giving the size of the measures, would help local governments cover outstanding debt and tax shortfalls caused ...

Bloomberg Italy is set to open businesses, while Prime Minister Giuseppe Conte’s government decided to unblock the country’s national borders and allow citizens to move freely within country starting June 3. Italians will be allowed full free movement, according to a government decree published in the early hours of Saturday morning. The statement confirmed that some businesses will reopen May ...

Bloomberg France is at higher risk of a credit downgrade by Fitch after the outlook on the country’s AA rating was revised to negative. Fitch cited the substantial worsening in public finances and economic activity expected this year due to the pandemic. “The combination of much reduced economic activity due to containment measures introduced from March and government policies to ...