Germany offers unlimited credit to companies hit by coronavirus

Germany offers unlimited credit to companies hit by coronavirus

The German government on Friday promised ‘unlimited’ credit to help companies hit by the coronavirus pandemic, as part of a massive help package worth at least half a billion euros.

“There is no upper limit to the credit offered by state-owned development bank KfW, that’s the most important message,” German Finance Minister Olaf Scholz said.

Germany had confirmed some 1,300 infections as of Wednesday, with two deaths. The government has recommended the cancellation of all events with more than 1,000 people, among other things.

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