German Chancellor Angela Merkel announced that Germany will start reopening for business on Monday, April 20. Smaller stores up to 800 square meters may resume operations then. Schools will be allowed to reconvene starting Monday, May 4.
CardLinx Insight:
Germany is the largest economy in Europe. Its decision to ease restrictions is similar to those already made by China and South Korea, and is likely to result in other countries on the continent and around the world following suit. The recent announcement signals that many economies may be through the worst of shelter-in-place orders. To date, small businesses, which have been hit hardest during the crisis, are the first to get reprieves: A good sign for mom-and-pop merchants everywhere.
Last week, Plebicom CEO, Gilles Nectoux, shared tactics on how merchants and banks are emerging from Covid-19 on our new podcast FinTech Friday. Listen to Episode 4: Europe Ready for Rebound?
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