German Economy Ministry: Expanding coronavirus aid for companies

Eren Sengezer FXStreet

Germany economy ministry announced on Friday that they will be expanding the coronavirus aid for companies, as reported by Reuters.

"Coronavirus aid for companies will amount to €4.5 billion a week in December," the statement revealed. Earlier in the day, German Economy Minister Peter Altmaier said that they were not expecting a wave of insolvencies of restaurants and hotels in December and November.

Market reaction

Germany's DAX 30 Index showed no immediate reaction to this headline and was last seen gaining 0.25% on the day at 13,320.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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