Scholz wants billions of euros to compensate shuttered German firms
Scholz wants billions of euros to compensate shuttered German firms

German Finance Minister Olaf Scholz plans to spend billions of euros compensating businesses for revenue lost due to proposed anti-coronavirus closures, government sources told dpa on Wednesday.Chancellor Angela Merkel is currently pushing for a sweeping shutdown in November that would affect restaurants, bars, hotels, sports facilities, cosmetic studios and other businesses.The proposal requires the support of the country’s 16 state administrations.Under Scholz’ plan to ease the economic pain of a shutdown, small businesses would be able to claim up to 75 per cent of the revenue they generate…

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