Germany’s Scholz proposes EUR10 billion job subsidy extension plan

While speaking on a German TV late Sunday, the country’s Finance Minister Olaf Scholtz outlined a EUR10bn job subsidy extension plan.

Additional details

“The subsidy plan to extend up to 24 months.”

“Subsidy allows firms to keep their employees avoiding layoffs.”

“Payment of 60% or more of salary.” 

“Businesses and workers need a clear signal from the government.”

“We are going to accompany them all the time in this crisis so that no one is stranded by the road.”