Economics

Germany to Help Startups With $2.2 Billion Aid Package

Euro Has Played Its Hand Well Against Dollar Strength: Rabobank’s Foley
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Germany pledged to help startups hit by the fallout from the coronavirus with short-term financial assistance worth around 2 billion euros ($2.2 billion).

The program is designed specifically for startups which may not be able to get the support they need from a wider package of measures the government launched last week, Finance Minister Olaf Scholz and Economy Minister Peter Altmaier told reporters in Berlin Wednesday.