If you could vote on Brexit now which option would you choose?
   

Germany plans 57bn euro aid package for virus-hit municipalities


German Finance Minister Olaf Scholz is working on an aid package worth 57 billion euros ($61.65 billion) to help municipalities cope with plunging tax revenues caused by the coronavirus crisis, a ministry document showed on Saturday. Europe's largest economy is facing its deepest recession since the Second World War, even as a lockdown to fight the virus is gradually eased. The drop in business activity has hit tax revenues and left a hole in municipal finances. Scholz's aid package aims to help cities and towns stabilise their finances, according to the finance ministry document seen by Reuters. The plan also contemplates extra relief for some heavily indebted municipalities.

Business Recorder - May 16, 2020

View the full story here: https://www.brecorder.com/2020/05/16/597600/germany-plans-57bn-euro-aid-package-for-virus-hit-municipalities/