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Germany Plans ‘Limitless’ Credit Program for Small Companies

  • Government to guarantee 100% of loans for Mittelstand firms
  • Program plugs hole in Germany’s ‘bazooka’ rescue package
A man walks through an empty street of Bayreuth, southern Germany, on April 2.

A man walks through an empty street of Bayreuth, southern Germany, on April 2.

Photographer: Christof Stache/AFP via Getty Images
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Chancellor Angela Merkel’s government unveiled a new “limitless” loan program for Germany’s vast ranks of small- and medium-sized companies, filling a hole in an unprecedented aid package to cushion the economic impact from the coronavirus pandemic.