Coronavirus: Germany releases €550bn aid to keep companies afloat

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The German government on Friday unleashed the biggest economic aid package in the country's post-war history, offering companies

The German government on Friday unleashed the biggest economic aid package in the country’s post-war history, offering companies “unlimited” credit to keep them afloat during the coronavirus crisis.

Some 550 billion euros in government-backed loans that were announced is just “for starters”, said Economy Minister Peter Altmaier. The package, even in its first stage, is bigger than the 500 billion-euro help offered by the German government during the 2008 financial crisis.

 

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Wow!

Ash tag Nigeria business environment also in order to keep them afloat

make that money reach our side na!!

Abeg make una help tag uchejombo

Wow.. Nice

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