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Altmaier and Scholz promise massive corona aid

2020-10-30T16:41:54.554Z


"Klotzen, nicht speckern": the government wants to support companies with ten billion euros in November 


"Klotzen, nicht speckern": the government wants to support companies with ten billion euros in November 

Ten billion euros

for a month of lockdown light - this is supposed to make good the damage that restaurants, cinemas and hotels will suffer in November.

On Wednesday the federal and state governments announced the amount for the affected industries, yesterday

Federal Finance Minister Olaf Scholz (SPD) and Federal Economics Minister Peter Altmaier (CDU) presented

the promised billions in aid.

Both defended the new corona measures that the federal and state governments shot at on Wednesday.

Scholz spoke of a "very dramatic development" in terms of the increasing number of infections.

"It is right and necessary that the federal government and the states have decided together that we break through this development," said the Vice Chancellor.

"Massive support services of this magnitude previously unknown" are now available for this purpose.

The term “lockdown” is not mentioned.

Instead, Scholz tries to list the differences to the restrictions in March: daycare centers, schools and retailers are open, and people can also continue to work - even if they often work from home.

Peter Altmaier also spoke of “good news” that the measures from March need not be repeated “on this scale”.

What Germany is facing now is not a lockdown - but "a focused measure limited to the month of November," as Olaf Scholz said.

And because this decision was made in such a focused manner, emphasizes Scholz, Germany is now in a position to offer “massive economic and financial support for those who have to shoulder it now”.

Specifically, he means gastronomy, hotels, leisure, cultural and sports facilities - but also self-employed people such as artists.

Affected companies should receive 75 percent of sales in the same month last year - provided they employ fewer than 50 people.

For larger companies there should be a little less - everyone should get their money quickly and unbureaucratically, promised Altmaier.

To this end, the previous bridging aid for the companies is to be extended and the conditions for the areas most severely affected are to be improved.

Altmaier also advertised the quick loan from the Kreditanstalt für Wiederaufbau (KfW): This was adapted for companies with fewer than ten employees.

Altmaier spoke of a "requirement of state solidarity": one must take responsibility for "the elderly, the weaker and young people with previous illnesses" - and at the same time "protect the basis of economic success" by helping the companies concerned.

"We agreed that the point is not to mess up - but to plop down," he said.

"We are indeed facing a great national effort."

Neither of the two left any doubts as to whether the ten billion euros would be enough.

Scholz emphasized that the federal government could very well afford the money.

“Everyone who is now wondering how they are supposed to cope with it,” he said, “can calmly note: We will help you to get through this too.” So that it only lasts for one month, everyone has to recognize that the situation is serious - "even if it doesn't feel that way to everyone".

Source: merkur

All news articles on 2020-10-30

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