Merkel: Coronavirus common challenge for Europe, world

BERLIN, March 14 (MENA) - The novel coronavirus situation is a common challenge for all countries that requires joint efforts, German Chancellor Angela Merkel said at a meeting with German business people, which focused on the economic aftermath of the pandemic.

"The coronavirus is a common challenge for all countries in Europe and the world over," the press service of Germany’s Cabinet quotes her as saying. According to the chancellor, joint action is required to overcome the crisis.

Merkel assured the participants in the meeting that the government would do its utmost to stabilize the economy under these circumstances. "We have the [necessary] financial reserves," she said.