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This is how E.U reacts #economy #CoronaOutbreak !
#German Govt is making up to €500bn in loans available to companies who are hit, these companies can now defer payments worth billions of euros in tax payments, will compensate workers who r sent home by their employers
This is how E.U reacts #economy #CoronaOutbreak !
#German Govt is making up to €500bn in loans available to companies who are hit, these companies can now defer payments worth billions of euros in tax payments, will compensate workers who r sent home by their employers
#France promised unlimited budgetary support for companies and employees affected by #CoronaOutbreak—that will cost €45bn, will pay laid off employees, arrange €300bn of French state guarantees for bank loans to businesses & €1tn of such guarantees from European institutions.
#Italian Govt passed a decree earmarking €25 billion,
one-off payments of €500/person for the self-employed, govt support for companies paying redundancy payments to their staff, a freeze on any worker lay-offs, and a cash bonus for Italians still working during the lockdown.
one-off payments of €500/person for the self-employed, govt support for companies paying redundancy payments to their staff, a freeze on any worker lay-offs, and a cash bonus for Italians still working during the lockdown.
#Spain to provide €100bn of state loan guarantees for business aimed at ensuring liquidity, especially for small & mid-sized companies.
Other Govt commitments would amount to €17bn. The whole package, including private money triggered by the loan guarantees, would total €200bn
Other Govt commitments would amount to €17bn. The whole package, including private money triggered by the loan guarantees, would total €200bn
U.K has a £330bn package of loan guarantees, direct lending for large companies & a 1-year abolition of property taxes for all companies affected. Grants will be available for smaller companies.
Households with difficulty paying mortgages will be offered a 3-month payment holiday
Households with difficulty paying mortgages will be offered a 3-month payment holiday
#Netherlands Government will act as a guarantor for small businesses not able to pay off their debts.
#Sweden is allowing businesses to defer tax payments for up to a year at a cost of more than €27.5 billion to the treasury, or 6% of gross domestic product. @andymukherjee70
#Sweden is allowing businesses to defer tax payments for up to a year at a cost of more than €27.5 billion to the treasury, or 6% of gross domestic product. @andymukherjee70
#Ireland Govt has set aside €3 billion. €2.4 billion is for income support for those in self-isolation or who are diagnosed. Health service gets €435 million including to free up space in hospitals, scale up home testing and remote management of patients, and protective gear.
Switzerland's major lenders are considering a $21 billion loan program to help small businesses affected by the coronavirus outbreak.
The Swiss government will make 10 billion Swiss francs available in immediate assistance to support businesses hit by the #CoronaOutbreak !
The Swiss government will make 10 billion Swiss francs available in immediate assistance to support businesses hit by the #CoronaOutbreak !
An emergency bill passed by Polish Government foresees the possibility of payouts to parents who have to stay at home with children. Poland’s president asked financial institutions to suspend loan payments.
