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EU ministers need to broker a solution for Europe’s economy that addresses scale and urgency of #coronavirus impact

EU ministers need to broker a solution for Europe’s economy that addresses scale and urgency of #coronavirus impact

| April 7, 2020

Today (7 April) is a crucial day with Eurogroup leaders meeting to discuss the joint economic response to the crisis caused by the Coronavirus pandemic. On 26 March, heads of government, unable to reach agreement passed the buck to their finance ministers and the Eurogroup to come up with a solution, writes Catherine Feore. Clashing […]

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Commission approves extension of German scheme for subsidized loans to support economy in #Coronavirus outbreak

Commission approves extension of German scheme for subsidized loans to support economy in #Coronavirus outbreak

| April 6, 2020

The European Commission has approved a German state aid scheme extending measures adopted on 22 March 2020 to support the economy in the context of the coronavirus outbreak. In particular, the extension enables support to be granted by other regional authorities and promotional banks not covered by the existing measures. This scheme was approved under the […]

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Germany pledges €2 billion to help start-ups through #Coronavirus crisis

Germany pledges €2 billion to help start-ups through #Coronavirus crisis

| April 1, 2020

Germany is planning to allocate €2 billion (£1.77bn) to help support start-ups during the coronavirus crisis, Finance Minister Olaf Scholz (pictured) said on Wednesday (1 April), write Paul Carrel and Thomas Escritt. “All the normal aid programmes are of course also available to start-ups but we also want to do something for companies that have […]

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Lock ’em up or let ’em out? #Coronavirus prompts wave of prisoner releases

Lock ’em up or let ’em out? #Coronavirus prompts wave of prisoner releases

| March 26, 2020

The rapid spread of coronavirus is piling pressure on criminal justice systems globally and has led to a flood of prisoner releases, with the United States, Canada and Germany joining Iran in releasing thousands of detainees, writes Luke Baker. Germany’s most populous state, North-Rhine Westphalia, announced on Wednesday it would release 1,000 prisoners who are […]

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Commission approves German direct grant scheme to support companies affected by #Coronavirus outbreak

Commission approves German direct grant scheme to support companies affected by #Coronavirus outbreak

| March 25, 2020

The European Commission has found a German scheme to support companies affected by the coronavirus outbreak to be in line with EU State aid rules. The scheme was approved under the State aid Temporary Framework to support the economy in the context of the COVID-19 outbreak adopted by the Commission on 19 March 2020. Germany notified to […]

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German economy could shrink by as much as 20% due to #Coronavirus – #Ifo

German economy could shrink by as much as 20% due to #Coronavirus – #Ifo

| March 25, 2020

Germany’s economy could contract by as much as 20% this year due to the impact of the coronavirus, an Ifo economist said on Wednesday, as German business morale tumbled to its lowest level since the global financial crisis in 2009, write Michael Nienaber and Rene Wagner. The devastating forecast came as lawmakers were discussing an […]

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Germany’s #CureVac says low-dose #Coronavirus vaccine could allow for mass production

Germany’s #CureVac says low-dose #Coronavirus vaccine could allow for mass production

| March 16, 2020

Germany’s CureVac, among the vaccine developers funded by the Coalition for Epidemic Preparedness Innovations (CEPI), said it could mass-produce a coronavirus immunization from its existing facilities if its low-dose approach proves successful in trials, writes Tilman Blasshoefer. Privately held Curevac, which was granted up to $8.3 million by CEPI in January, is working to draw […]

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