– Lufthansa Before it broke off business overnight due to Corona, Lufthansa was a healthy and profitable company. – (Photo: Imago) – – – – Government aid to large publicly traded corporations is a tricky business, even in the worst economic crisis since the Great Depression. Every time there is speculation about new cases, it … Read more
At the end of October, Behrens was certain that the financing would go through: Patrimonium has received internal committee approvals for financing, it said. The final signing of the contract is expected shortly, said Behrens. The wording on today’s announcement, according to which no agreement could be reached on “essential contractual contents”, indicates that the … Read more
Four in ten small and medium-sized enterprises (SMEs) used at least one of the three major government support measures. Half of those companies even applied for multiple support measures. This is reported by the Central Bureau of Statistics (CBS) Friday. Until July 31, 164,000 companies with between 2 and 250 employees used one or more … Read more
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3.4 billion euros. KLM receives so much support from the Dutch cabinet to survive the corona crisis. This concerns 1 billion euros as a direct loan and 2.4 billion euros in guarantees on loans from three Dutch and eight foreign banks. The state guarantees a maximum of 90 percent of these bank loans. KLM pays … Read more
The EU gives the green light for the federal government’s Lufthansa rescue package – but the airline has to swallow a toad: it has to give up landing rights in Frankfurt and Munich. The Lufthansa board agrees, but that is not the end of the story. The severely battered Lufthansa wants to accept conditions from … Read more
BERLIN (Dow Jones) – CSU boss Markus Söder has praised the nine billion euro rescue package for Lufthansa. “The current proposal is a very good one,” he said in the ZDF morning magazine. He was an example of “how you can help as a state without ultimately creating a state economy”. Lufthansa got into the … Read more
The scrappage bonus helps the auto industry through and out of the financial crisis. Now there are calls for government support for the automotive industry. VW boss Diess speaks in favor of an auto “stimulus package”. Volkswagen calls for government investments in favor of the auto industry. “We urgently need an economic stimulus package for … Read more
04/22/2020 15:53 (Act. Apr 22, 2020 3:53 PM) – – – The state is responsible for a loan of hundreds of millions © APA – – – After initial turmoil in the AUA negotiations, the talks are now apparently on track. The experts from both sides are in constant contact, said PR consultant Alfred Autischer, … Read more
«We must make bold and courageous decisions at all levels so that the shock caused by the coronavirus does not create permanent damage to our economies. Member States must feel free to take measures to support the sectors most affected and people. We will grant maximum flexibility on the Stability Pact and State aid “. … Read more