Germany plans 57 billion euro aid package for virus-hit municipalities
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BERLIN (Reuters) - German Finance Minister Olaf Scholz is working on an aid package worth 57 billion euros (50.93 billion pounds) to help municipalities cope with plunging tax revenues caused by the coronavirus crisis, a ministry document showed on Saturday.Europe's largest economy is facing its deepest recession since the Second World War, even as a lockdown to fight the virus is gradually eased. The drop in business activity has hit tax revenues and left a hole in municipal finances.Scholz's..