The real estate industry complains of blatant vacancies. Federal Finance Minister Olaf Scholz (SPD) plans billions of euros in protection for municipalities - Bavaria rejects them.
- The Federal Council approves further extensive aid in the corona crisis
- The real estate industry warns of the long-term consequences of the corona pandemic
- Finance Minister Olaf Scholz plans Corona aid for municipalities worth billions - Bavaria rejects them (see update from May 16, 5:56 p.m.)
- You can read all the latest news on the German economy in the Corona crisis here .
Update of May 16, 5:56 p.m .: Bavaria rejects the plans of the Federal Ministry of Finance for one
Billions of euros in protection shield for municipalities in need due to the corona virus crisis. The proposal provides for half of the countries to participate in the financing. "The suggestions from
Federal Minister Scholz will never participate in Bavaria, ”said Finance Minister Albert Füracker (CSU) on Saturday at the German Press Agency in Munich. "If the federal government wants to help the local authorities, it is welcome to do so - but a compulsory obligation of the federal states according to the federal rules without consultation is an outrage."
Federal aid in the Corona crisis is desirable, "but only if there is clear coordination with the federal states and no link to the repayment of old debts". Bavaria is firmly on the side of its municipalities and will help them in the crisis. "We prefer payment of two billion euros to the municipalities from the municipal financial equalization to help quickly and effectively," said Füracker.
In the corona crisis , Federal Minister of Finance Olaf Scholz (SPD) wants to set up a multi-billion dollar protective shield for municipalities and solve the urgent problem of old debts. A concept paper from his ministry provides for an aid package of up to 57 billion euros, half of which the federal and state governments are to provide. "I announced that I would like to make suggestions. I think that is the right time to discuss them now, ”said Scholz on Saturday at the SPD party headquarters, the Willi Brandt House. No time should be lost.
Coronavirus: Further help approved - real estate association sees gigantic crisis coming
Original article from May 15:
Berlin - Politicians are working flat out to help the weakened economy as much as possible through the corona pandemic . The Federal Council approved extensive further corona aid on Friday . In addition, Finance Minister Olaf Scholz (SPD) announced that artists and cultural workers should also benefit from the planned stimulus package against the Corona crisis .
The decisions of the Federal Council result in various innovations: Nursing staff receive a bonus. According to the updated short-time work allowance, 70 percent of the lost net wages will be paid from the fourth month onwards . From the seventh month, it is 80 percent. For parents , the benefit increases from 67 to 77 percent. For them, the months with reduced salaries are also omitted when calculating the parental allowance , and the plan to stop continued wages was initially postponed.
Corona crisis: Short-time work is possible up to the limit of the original income
Short-time work has caused discussions in a variety of ways. Now employees on short-time work are allowed to earn enough from May 1 to the end of the year to reach their full monthly income . However, the Federal Government may extend the duration of short-time work benefits * from twelve to 24 months until 2021. For people whose entitlement to unemployment benefit would be exhausted between May 1, 2020 and December 31, 2020, the entitlement period will be extended by three months. Even students and scientists , a doctorate or habilitation just to get relief in their working hours and the student loan rules .
The state also accommodates the cultural and sports business . You can issue vouchers for tickets sold before March 8th . Minister of Finance Olaf Scholz (SPD) may have given hope to the cultural sector , especially the artists. According to him, they should benefit from the new economic stimulus program.
"That must and will be part of the program," Scholz promised. Art and culture are of the utmost importance for living together - their work must therefore be secured. However , Scholz does not want to give details of the planned economic stimulus until early June. However, he made it clear that it should also be aimed at restaurants , hotels and organizers . It is important that the economic stimulus measures act at the right time, for a limited time and in a targeted manner.
Video: Chancellor Angela Merkel pledges help to artists in the corona crisis
Real estate industry sounds the alarm: "the beginning of a gigantic crisis"
In the meantime, new holes keep opening up. The real estate industry is also sounding the alarm. "We are at the beginning of a gigantic crisis," said Andreas Mattner, President of the Central Real Estate Committee (ZIA), the mirror. Retailers would have lost around EUR 30 billion in sales within a month and retail property owners would have lost up to 70 percent of rental income .
Even in May and June, only a partial payment is expected despite the reopening of shops. Nobody could survive such a failure without damage for three months, said Mattner. What will soon be empty is difficult to rent out again in these times. According to the association, the pedestrian zones filled only slowly: the customer frequency in the city centers was 50 to 60 percent below the previous year's value .
Due to the corona crisis, the department store chain Galeria Karstadt Kaufhof now wants to draw drastic consequences.
* Merkur.de is part of the Germany-wide Ippen-Digital editors network.