Berlin will guarantee 100 per cent of loans made by banks to small- and medium-sized firms, German government sources told AFP Monday, in an extension to the 1.1-trillion-euro coronavirus crisis package in Europe's top economy.
The federal government will stand fully behind 500,000 euros (USD 540,000) of lending to companies with up to 50 employees and 800,000 euros for larger ones, upping its guarantee level from a previous 80 percent for large firms or 90 percent for smaller ones.
Berlin's economic aid so far totals over 1.1 trillion euros... Читать дальше...