Denmark dishes out salaries to virus-hit companies

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Denmark has always prided itself on its

"flexicurity" model that marries the free market with a welfare society, but in the face of the COVID-19 pandemic, it has chosen another strategy.

With so much of the economy halted on its orders, the centre-left government has taken a different path.Like several other European countries, it chose to effectively fork over money to companies to pay the wages of their staff. "We want to make sure that we would keep all our employees, as they are all needed," Lene Tind, who runs the company, told AFP.

Thomas Bredgaard, a professor of economics at Aalborg University, said the magnitude of the coronavirus crisis required a different response."This crisis is much worse than the financial crisis, and the government had to avoid mass dismissals," he said.

 

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پاکستان تازہ ترین خبریں, پاکستان عنوانات

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