Government aid packages

in reality, all of this has been a total load of old bollocks
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GoogaMooga
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Government aid packages

Postby GoogaMooga » 21 Mar 2020, 23:55

The German government announced an aid package amounting to 10% of GNP, the largest amount in the nation's history: €822 billion. Expect other countries to follow suit, in a move to save companies and small businesses and avoid a depression. No government can afford to do that sort of thing for very long, though, every government will have to borrow money eventually. So, if all the nations owe each other money, where will it end? It can't be a zero sum game. I suppose it's mostly a question of issuing bonds, but who benefits, who extends the loans, and how the hell do we ever get out of this mess? Will there be a moratorium eventually? Who will underwrite that?
"When the desert comes, people will be sad; just as Cannery Row was sad when all the pilchards were caught and canned and eaten." - John Steinbeck

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Flower
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Re: Government aid packages

Postby Flower » 24 Mar 2020, 21:40

Denmark ...

https://euobserver.com/coronavirus/147827

Denmark: How a 'high-tax' state responds to coronavirus

A week ago (Sunday 15 March), Danish companies could breath a small sigh of relief, as prime minister Mette Frederiksen announced a new economic help package.

The package was negotiated between the government and social partners in a record time of just 24 hours.

It offers to cover 75 percent of employee salaries in businesses under budget pressure from the Covid-19 pandemic. For staff paid by the hour, the maximum coverage is 90 percent.


"Hold back the walking papers [redundancy notices]", appealed Frederiksen during the press conference. Her initiative aims at avoiding mass firings in times of income uncertainty, where especially the hospitality industry, the export sector and trade markets suffer.
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GoogaMooga
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Re: Government aid packages

Postby GoogaMooga » 25 Mar 2020, 07:32

... and six trillion in the Us.

About our govt aid, only applies to companies with 50 or more employees.
"When the desert comes, people will be sad; just as Cannery Row was sad when all the pilchards were caught and canned and eaten." - John Steinbeck