Germany governing coalition agrees to further economic relief measures

Further measures to provide economic relief from the coronavirus response impact

  • German coalition parties agree further measures to shield workers, companies from coronavirus impact
  • German package includes higher state transfers in short-time work scheme to cover up to 80% of lost net income
  • German parties agree to temporarily lower tax burden for catering industry through reduced VAT rate
  • Plan further tax relief for companies
  • 500m EUR support for schools

Headlines via Reuters

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