The Swiss government could increase a 20 billion Swiss francs ($21 billion) loan programme to help keep companies afloat and safe jobs amidst the coronavirus crisis, the finance minister told weekly Sonntagsblick.
A sign reading"Stay at home. Please. All." is put up as part of protection measures against the coronavirus disease on the trendy Idaplatz square in Zurich, Switzerland March 28, 2020. REUTERS/Arnd Wiegmann
“It is possible that we might have to step this up,” Ueli Maurer said in an interview published on Sunday. “The 20 billion are tight.” Asked how much money the state was ready to provide, he said: “As much as is needed. We are borrowing to safe jobs.” Maurer had pointed out on Saturday that the government was happy to help with loans, but that the money must be paid back and could not cover income losses.
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