Advertisement

Updated March 21st, 2020 at 22:40 IST

German plans 822-bn economic aid package to fight virus crisis: draft bill

The German government is planning an economic aid package worth 822 billion euros to prevent companies from going under during the coronavirus pandemic, according to a draft bill seen by AFP on Saturday.

| Image:self
Advertisement

The German government is planning an economic aid package worth 822 billion euros to prevent companies from going under during the coronavirus pandemic, according to a draft bill seen by AFP on Saturday.

The funds will go towards a slew of aid programmes, including help for employees forced into shorter work hours.

They may also be used to fund the partial nationalisation of large enterprises in order to keep them afloat, according to the text.

Advertisement

Published March 21st, 2020 at 22:40 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Advertisement
Advertisement
Advertisement
Whatsapp logo