Coronavirus cruches German economy, finance minister commits suicide

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German finance minister has killed himself over the frightening economic effects of coronavirus.

The body of Thomas Schäfer, from the central German state Hesse, was found on railroad tracks near Frankfurt over the weekend.

Reacting to the death of the 54-year-old minister, Police reportedly suspected suicide.

German newspaper, Frankfurter Allgemeine Zeitung, noted that a suicide note was left behind.

The state’s premier Volker Bouffier, said Schäfer, who had been the finance minister for nearly a decade, was worried about Hesse’s ability to react to the economic devastation felt from the coronavirus.

“His main concern was whether he could manage to fulfill the huge expectations of the population, especially in terms of financial aid,” Bouffier said on Sunday.

“For him, there was clearly no way out. He was disappointed and so he had to leave us. That has shocked us, has shocked me,” he added.

Multi-national financial institutions including Deutsche Bank are headquartered in the banking city of Frankfurt, which is in Hesse.

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