Germany lines up €100bn equity ‘bazooka’ to fight Covid-19
Germany has said it will take the unprecedented step of buying equity stakes in German businesses to protect its economy against the damage caused by the spread of the coronavirus.
As part of a larger package to protect the economy, German finance minister Olaf Scholz laid out the government’s plan to create a €100bn economic stabilisation fund, called WIF, to make equity investments in German companies to help them survive a period of extreme economic stress.The ...
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