Germany will provide up to 10B euros for locked down businesses

Author: Adam Button | Category: News

Merkel unveils business closure plan

  • Smaller companies will get 75% of income in support
  • Shops will remain open with fewer than 1 person per 10 square meters
  • Bars, restaurants, cinemas and theatres to close
  • Hotels will only be open for essential, non-touristic purposes
  • Private meetings to be limited to max 10 people from max 2 households
Merkel says today is a hard day. It certainly is for equity investors.

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