The corona crisis will have worse consequences for the aviation industry than September 11, an industry association estimates. The federal government now wants to make a lot of money available for the fight against coronavirus.

Coronavirus is threatening the global economy

The EU Commission wants to be very accommodating to Member States affected by the Corona crisis . Her authority will show maximum flexibility so that governments can increase their spending and provide state aid, said EU Commission President Ursula von der Leyen . Vice President Valdis Dombrovskis made it clear, “We are not suspending the Stability and Growth Pact . We use the flexibility within the Stability and Growth Pact. ”

Federal government promises unlimited protective shield for companies because of corona virus

In the fight against the economic consequences of the coronavirus pandemic , the federal government has promised companies an “unlimited protection shield for companies and employees” : “It will not be spilled, it is padded,” said Finance Minister Olaf Scholz (SPD) and Minister for Economic Affairs Peter Altmaier (CDU) in Berlin on Friday. Around half a trillion euros are available as a guarantee for loans alone , said Altmaier. “There should be no lack of money.”