We will expand coronavirus aid to companies

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The German Ministry of Economy announced on Friday that they will expand coronavirus help for companies, as reported Reuters.

“Coronavirus aid for businesses will amount to 4.5 billion euros a week in December,” the statement revealed. Hours before, German Finance Minister Peter Altmaier It said they did not expect a wave of restaurant and hotel insolvencies in December and November.

Market reaction

Germany’s DAX 30 index It did not show an immediate reaction to this headline and was last seen gaining 0.25% on the day at 13,320.

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