Federal Finance Minister Olaf Scholz and Federal Economic Affairs Minister Peter Altmaier presented a comprehensive package of measures today to mitigate the impact of the coronavirus.

Minister Scholz said: “We have the financial resources to cope with this crisis. There’s enough money there, and we’re using it. We’re taking all measures necessary to protect employees and companies. Everyone can rely on this.”

Minister Altmaier said: “The main aim of economic policy in this situation must now be to alleviate uncertainty. No healthy company should go bankrupt due to corona, no job should be lost. We are therefore putting a comprehensive protective shield in place for employees and companies. Key elements of our toolbox are comprehensive liquidity assistance and fast-track guarantees for companies.”

The joint paper can be found here (PDF, 53 KB).