Ursula Von business Europe Coronavirus Ursula Von

European Commission to mobilise €100bn in loans to help companies retain staff

Reading now: 975
www.rte.ie

The European Commission has said it will mobilise up to €100 billion in loans for member states to help companies hold on to staff during the coronavirus pandemic.

The loans will be based on guarantees provided by member states, according to a statement by the European Commission president Ursula von der Leyen. "All member states will be able to make use of this but it will be of particular importance to the hardest-hit," she told a virtual news conference.

The loans are designed to help countries cover the costs of national short-term work schemes and measures put in place for the self-employed, in order to keep employees on companies' books.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA