Corona lockdown: "Massive" state aid is coming - Scholz and Altmaier don't want to "mess up, they want to mess up"

Olaf Scholz and Peter Altmaier do not want to mess, but want to pound.

With around 10 billion euros, they want to help companies that are now forced to close.

• Restaurants, bars, cinemas and sports clubs will have

  to close again

  from

  November 2nd

  .

• Many companies could hardly

  cope with

  the

  loss of

  earnings in

  the spring lockdown

  .

• Now

  Olaf Scholz

  and

  Peter Altmaier are putting together

  another aid package - with

  10 billion euros

  .

Berlin - Since Wednesday evening it has been ready to say: Nationwide

public life will be shut down again

on

.

and

- they all have to close again, only kindergartens and schools remain open.

What was initially announced as the “Lockdown Light” hits many industries that are already

by the

, hard.

The

federal and state governments hope that

the drastic measures and

restrictions will result in a quick and effective containment * of the

,

is located

but in view of the rapidly increasing number of cases already in

.

Video: Lockdown in Germany: DAS must close on Monday

But

experts have been warning since the summer months that the German economy will

not be able to cope with

another

.

Too many companies and self-employed are already on the brink of financial difficulties.

and

therefore met again on Thursday from an economic perspective on the tightening that was decided on Wednesday - in a press conference they both now defended the new resolutions as absolutely "necessary".

Olaf Scholz: November as the "month of truth"

Scholz

announced “

for the industries affected by the closure”.

He described

, in which it would be found out whether the

could be regained.

Because the situation is "serious - even if it doesn't feel that way for everyone," he emphasized, which is why we

now have to act decisively and purposefully in order to

.

and

want to support

not only businesses in the

, but also solo self-employed

with “massive support services of this magnitude that were previously unknown”

.

November will be a month of truth.

The increasing numbers of infections are forcing us to take tough countermeasures in order to break the second #corona wave - with targeted and temporary measures, including effective financial aid for the industries affected.

#FlattenTheCurve

- Olaf Scholz (@OlafScholz) October 28, 2020

The "extraordinary economic

aid

" - it is said to have a volume of up to

- is intended to

compensate

those affected for the financial losses in

: Companies with up to 50 employees are to be reimbursed 75 percent of the corresponding sales in the previous month.

According to the decision paper of the federal and state governments, the percentages for larger companies are to be determined in accordance with the upper limits of state aid requirements.

Peter Altmaier (CDU) promises ten billion euros as an aid package

In addition, the previous

extended and the conditions for the most severely affected areas are to be improved.

The

can be adapted for companies with less than ten employees.

The

on this in a video on

on Thursday

.

We don't leave our companies and their employees alone - What additional #corona aid is the #Bundesgovernment providing to deal with the economic consequences of # COVID19 👇?

#entrepreneur stay @bmwi_bund @BMF_Bund pic.twitter.com/2d1KaqBrPH

- BMWi Bund (@BMWi_Bund) October 29, 2020

“Don't mess, but clunk” is the motto of the

of

and the

of

, as

emphasized in the press conference.

The federal government is “very well able to use the ten billion,” he continues, so that he and

would agree that those “whom we could not spare the restrictions” would be helped as quickly and as extensively as possible.

sees financial state aid

as a "requirement of state

".

On

Wednesday evening

,

also

wrote

on

shortly after

announced the tightening of the coronavirus pandemic

: “My thoughts and sympathy go to the companies and self-employed who have to close for a month to prevent the spread of

the coronavirus

is stopped. You are a valuable part of our culture and identity. ”