While speaking on a German TV late Sunday, the country’s Finance Minister Olaf Scholtz outlined a EUR10bn job subsidy extension plan.
Additional details
“The subsidy plan to extend up to 24 months.”
“Subsidy allows firms to keep their employees avoiding layoffs.”
“Payment of 60% or more of salary.”
“Businesses and workers need a clear signal from the government.”
“We are going to accompany them all the time in this crisis so that no one is stranded by the road.”