German has fiscal means to counter coronavirus in case of economic crisis - sources

Finance Minister Olaf Scholz told lawmakers on Wednesday that Germany would have "all the strength" to counter the impact of the coronavirus if the epidemic plunged the world economy into a crisis, two participants told Reuters.

The federal government's fiscal measures would be "timely, targeted, temporary" in the case of an economic crisis, Scholz said in a closed-door meeting of parliament's finance committee, participants said.