Germany to Give Loan Guarantees to Companies Worth $109 Billion
- Assistance meant to help energy firms hit by soaring prices
- Separate loan program worth up to 7 billion euros also agreed
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Germany’s ruling coalition agreed on a financial-aid package for companies suffering from the fallout of the Ukraine war that includes loan guarantees worth as much as 100 billion euros ($109 billion).
The loans would be made available through the KfW state development bank and are meant to help companies such as energy firms that have become overburdened by collateral requirements amid soaring gas and electricity prices, Finance Minister Christian Lindner and Economy Minister Robert Habeck announced in Berlin on Friday.