Switzerland might increase 20 billion franc emergency scheme - Finance Minister

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

The Swiss government could increase a 20 billion Swiss francs ($21 billion) loan programme to help keep companies afloat and safe jobs amidst the coronavirus crisis, the finance minister told weekly Sonntagsblick.

A sign reading"Stay at home. Please. All." is put up as part of protection measures against the coronavirus disease on the trendy Idaplatz square in Zurich, Switzerland March 28, 2020. REUTERS/Arnd Wiegmann

“It is possible that we might have to step this up,” Ueli Maurer said in an interview published on Sunday. “The 20 billion are tight.” Asked how much money the state was ready to provide, he said: “As much as is needed. We are borrowing to safe jobs.” Maurer had pointed out on Saturday that the government was happy to help with loans, but that the money must be paid back and could not cover income losses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

20 retailers still paying employees during the coronavirus pandemicSome retailers are stepping up and pledging to continue to pay their employees. 👏👏👏👏👏 1 Way to make money while in quarantine .Check it out!! double check Everlane however… I saw a tweet last night that they fired their entire online shop staff, and are giving their retail workers all those jobs.
Source: USATODAY - 🏆 100. / 63 Read more »

More Than 20 Fashion Brands Have Pledged to Help Fight CoronavirusGucci. Mango. Versace. Everlane. And so many more.
Source: marieclaire - 🏆 102. / 63 Read more »

More Than 20 Fashion Brands Have Pledged to Help Fight CoronavirusBrands like Gucci, Versace, RalphLauren, Everlane, CSiriano, and more are doing everything they can to fight coronavirus. 👏👏 CSiriano gucci Versace RalphLauren Everlane When this is under control, people that can afford items from these designers need to buy from them. Everlane Dunno about the rest, but several days before Everlane sent an email about donating profits from a very specific line of their clothing, their first offering was a sale on jeans. They didn't really answer my specific questions about the safety of their warehouse workers, either gucci Versace RalphLauren Everlane CSiriano Ton of women who are also sewing masks from our homes, no video needed.
Source: marieclaire - 🏆 102. / 63 Read more »

LVMH Sees Q1 Sales Falling 10 to 20 PercentThe luxury giant said the impact of the coronavirus pandemic “cannot be accurately calculated at this time.”
Source: wwd - 🏆 24. / 68 Read more »

More Than 20 Fashion Brands Have Pledged to Help Fight CoronavirusGucci. Mango. Versace. Everlane. And so many more. Thank you 🙏🏾 May want to take Everlane off this list
Source: marieclaire - 🏆 102. / 63 Read more »