Germany announces €2.5bn event cancellation fund
The government pot will allow organisers to plan events for Q3 and Q4 2021 without the financial risk posed by a potential Covid outbreak
News By IQ | 7 December 2020
The German federal government has announced a €2.5 billion cancellation fund to allow event organisers to plan for the second half of 2021 without the financial risk posed by a potential Covid outbreak.
The cancellation fund was first announced by state secretary Bettina Hagedorn during a Reeperbahn Festival Focus Session on 3 December and was later reinforced by finance minister Olaf Scholz during an interview with the Tagesspiegel.
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Scholz said that the federal government would like to reimburse all costs “which were made…
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