Friday, May 29, 2020

Corona aid package: Kretschmer demands corrections

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Sachsen’s Prime Minister Michael Kretschmer has requested corrections to the Corona aid package from the German government. “When it comes to economic aid, there is an urgent need to readjust. The bazooka that was mentioned has an inhibition of loading, ”said the CDU politician to the editorial network Germany.

“There is a gap in support for small and medium-sized businesses that threatens the very existence of many of the companies. This gap has to be closed, ”says Kretschmer. On Wednesday afternoon, Chancellor Angela Merkel (CDU) and the state premiers want to discuss how to proceed in a telephone switching conference.

Medium-sized companies “just like small businesses needed grants instead of loans to survive for a quarter without income but with running costs,” Kretschmer said. The federal government apparently has too little focus on SMEs. The Saxon Prime Minister also called for a reduced VAT rate for the catering trade. One has to “adopt instruments soon to get out of the crisis,” he said.

The federal government and parliament had decided on various aid programs. An unlimited loan program from the state development bank KfW is intended to secure liquidity. In addition, there are tax deferrals, an extended short-time allowance, a stabilization fund for large companies and a billion-dollar package with direct grants for small companies with up to ten employees – who often do not get any loans or have no collateral. Business associations had complained of a “funding gap”, especially among SMEs.

In the opinion of the President of the German Chamber of Commerce and Industry (DIHK), Eric Schweitzer, it would be important “that the countries coordinate with each other in order to enable comparable liquidity support for companies with more than ten employees”. The funding conditions are still very confusing here, he told the newspapers of the Funke media group. The DIHK boss is satisfied with the design of the application process, which is “really very slim”. “In countries with good IT-supported processes, processing runs smoothly and quickly,” said Schweitzer.

The President of the Taxpayers’ Association, Reiner Holznagel, welcomed the Aid packages. “At the moment, quick action is required – businesses, micro-entrepreneurs and many families now need financial help,” said Holznagel of the “Rhein-Neckar-Zeitung” (Wednesday). If the wave of approval for emergency aid subsides, however, it should be examined in detail whether the support granted was justified. There should be no general blank checks afterwards.

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