The economics and finance ministers are working on new state aid, but still have to come to an agreement.
(Photo: Reuters)
Berlin The consequences of the Ukraine war are hitting the German economy hard: sanctions, high energy prices and the decoupling from Russia are causing more and more companies to struggle. Federal Minister of Economics Robert Habeck (Greens) now wants to react to this. In a letter to Finance Minister Christian Lindner (FDP), Habeck writes that he wants to rededicate the economic stabilization fund (WSF) from the corona crisis. The letter is available to the Handelsblatt.
The federal government launched the WSF during the pandemic and endowed it with 600 billion euros. Most recently, the volume was reduced to 150 billion euros. The WSF is still by far the federal government’s largest crisis instrument. The state can use the money to invest directly in distressed companies, such as Lufthansa after the outbreak of the pandemic. In addition, loans can be secured by the fund. In the letter, Habeck asks his cabinet colleague Lindner to “submit a draft for a corresponding adjustment” of the WSF as soon as possible.
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