ROME - Italy's government approved on Monday a new emergency decree that will offer more than 400 billion euros worth of liquidity and bank loans to companies hit by the coronavirus crisis.
He promised a further package later this month to help the people most financially hurt by the epidemic. Italy's state lender Cassa Depositi e Prestiti and its export agency Sace will provide further guarantees until the end of this year for an additional €200 billion, according to the decree.The scheme, made possible by a loosening of European Union rules on state aid to companies, aims to keep credit flowing to the economy without forcing losses onto banks because of the additional risks they take on due to the virus.
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SA to take $1bn Covid-19 loan from New Development BankTOP STORY | SA would be the second Brics country to tap the emergency assistance programme after China 🔒 This won't sit well in Stellenbosch. Swipe that credit card..... Expedite criminal cases against high profile figures, repossess their assets and clean out their investment nests. That should give the govt an impressive collection to be challened towards COVID.
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SA to take $1bn Covid-19 loan from New Development BankTOP STORY | SA would be the second Brics country to tap the emergency assistance programme after China 🔒 So we decided to make it worse and I crease government debt I hope none of that ends up at SAA...we go though billions as if small change Is it not to early to access the loan ? Ekurhuleni wants to procure whatever from Cuba, Gauteng is buying uniforms, just worried what other Metros and Provinces are buying. A well coordinated intervention strategy will take us a long way.
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LETTER: Repudiate odious debtsThe arms deal and loans to state-owned enterprises such as Eskom would be a start
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JPMorgan considers suspending dividend for first timeCEO Jamie Dimon warns the bank's earnings will fall 'meaningfully' in 2020
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Thoko Didiza announces funding relief plan for farmers during lockdownAgriculture Minister Thoko Didiza has set aside R1.2 billion in funding to help small scale farmers if they suffer any negative effects caused by the government's 21-day lockdown meant to curb the spread of the Covid-19 coronavirus. artistsonjaosi1 CyrilRamaphosa you mean for squatters on rural land
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