Economic recovery in Germany: creation of a €500 billion fundsJuly 8, 2020
Hat: Economic recovery in Germany: creation of a €500 billion funds
Under the Temporary Framework, the European Commission authorises Germany to set up a support fund for businesses. The fund, which totals €500 billion, is intended to support German companies in coping with the consequences of the Covid-19 epidemic.
The support fund granted under this temporary framework will take the form of guarantees for companies up to EUR 400 billion. The remaining €100 billion of the total amount will finance a system of subordinated loans and a recapitalisation instrument (purchase of recently issued ordinary and preference shares or other forms of equity, convertible bonds and silent participations, etc.).
Url description: ec.europa.eu