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Wednesday, July 8, 2020

Economic recovery in Germany: creation of a €500 billion funds

Employment, Public Management, Local development, Any fields, Industry, SME Policy,-,

News 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.). 

Source :  ec.europa.eu


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