Germany reportedly setting up €500 billion rescue fund for firms - Der Spiegel

Dhwani Mehta FXStreet

In light of the rising economic costs as well as the number of new coronavirus cases in Germany, the government reportedly wants to set up a €500 billion rescue fund for firms, Der Spiegel, a German weekly magazine reports on Friday.

No further details are reported on the same.

According to the Robert Koch Institute, the number of German cases of COVID-19 rose by 2,958 overnight to 13,957. The number of fatalities rose by 11 to 31.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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