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[#2823966] 14.03.20 09:02
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Mr Scholz said the government would provide unlimited liquidity assistance to German companies hit by the pandemic, which has played havoc with supply chains and led to a spate of production stoppages across the country.

The package unveiled on Friday envisages a massive expansion of loans provided by KfW, the state development bank. Companies will also be allowed to defer billions of euros in tax payments.

“This is the bazooka, and we will use it to do whatever it takes,” Mr Scholz told reporters in Berlin. He said there was “no upper limit on the amount of loans KfW can issue”.

www.ft.com/content/1...4680ea68b5

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