Germany pledges €550bn aid for corona-hit businesses
The economic stimulus is set to benefit the music and creative industries, with additional help available for German artists and musicians
News By | 16 March 2020
The German government has announced economic stimulus worth more than half a trillion euros to protect business against the effects of the coronavirus, in the biggest financial aid package in the country’s post-war history.
The KfW, Germany’s state development bank, will make available to companies at least €550 billion, and that’s just “for starters”, said Germany’s finance minister, Olaf Scholz, on Friday (13 March). “There is no upper limit to the credit offered by the KfW, that’s the most…
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