Exclusive: Martin Zielke, the head of Germany's bank lobby and Commerzbank, argues that companies are taking on further debt as prospects for revenue dim, and Berlin should offer capital injections with fewer strings, according to a paper seen by Reuters
FRANKFURT - Germany’s bank lobby is set to urge the government to drop some of the conditions attached to a trillion euro rescue scheme, arguing that companies are so reluctant to take the help that it threatens any recovery from the coronavirus outbreak.
Zielke argues that companies are taking on further debt, the chief means of government support, as prospects for revenue dim, and Berlin should offer capital injections with fewer strings, according to a paper outlining his position seen by Reuters. It conducted a survey in May of companies it thought particularly vulnerable to the virus outbreak and that found that more than three quarters of those firms had applied for at least one form of support.
The criticism from the banks and companies highlights cracks in Europe’s biggest economic support scheme, the envy of Germany’s more indebted neighbours.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Tyra Banks, Minka Kelly and More Stars Who've Taken Cooking ClassesCelebrities who have gone to cooking school to improve their culinary abilities include Tyra Banks, Minka Kelly and others — photos
続きを読む »
‘There’s only so much we can do’: Food banks plead for helpFood banks are still swamped as Covid-19 wreaks havoc on the economy. They want to give people more SNAP benefits until employment bounces back, but Congress is so far resistant to the idea
続きを読む »
Food Banks Need More Government Help to Address Unprecedented Levels of Food InsecurityFood banks need more government help to address unprecedented levels of food insecurity
続きを読む »
The World’s Best Banks: The Future Of Banking Is Digital After CoronavirusForbes' second annual list of the World's Best Banks underscores that digital technology is revolutionizing the global banking market. With Covid-19 accelerating change, it’s now a matter of adapt or die for the world’s biggest lenders.
続きを読む »
'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virus | Markets Insider'Central banks can't cure the virus,' former Fed governor Kroszner says, and lays out the next steps policymakers may take to respond to the virus
続きを読む »
As Japan Inc battles coronavirus, cash and bank deposits rise at record pace in MayJapan's money stock, or currency in circulation and bank deposits, rose at the fastest annual pace on record in May as companies hoarded cash to guard against slumping sales from the coronavirus pandemic, central bank data showed on Tuesday.
続きを読む »