As part of the Coronavirus (COVID-19) legislative aid program, the German Federal Government released a draft legislative proposal for the establishment of an economic stabilization fund (Wirtschaftsstabilisierungsfonds) in the total amount of EUR 600 billion to mitigate the economic consequences caused by the Coronavirus and stabilize German companies that have a significant impact on the German economy in terms of employees, turnover and/or balance sheet total. This law allows the Federal Republic to provide aid to companies in crisis in the form of guarantees or direct recapitalization measures.
Read full article in German here.
