Germany planning to support medium-size firms by up to €50K per month – DPA
|Citing a German government document on Monday, Deutsche Presse-Agentur GmbH (DPA), reports that they are considering plans to support medium-size firms by up to €50,000 per month.
Key details
“Eligibility criteria: A company should have recorded at least a 60% y/y drop in sales for the months of April and May i.e. those largest hit by the virus impact.”
“The program is set to cost EUR25 billion by August with further costs set to depend on the virus developments in the country.”
EUR/USD holds the lower ground
Nothing seems to affect the shared currency amid holiday-thinned trading, with EUR/USD holding the lower ground near 1.0875 so far this Monday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.