Germany: Government Determined to Stop Wave of Insolvencies
Berlin, November 7, 2024 – The Union government is determined to prevent a wave of insolvencies in the wake of the ongoing energy crisis. This was announced by Finance Minister Christian Lindner at a press conference on Tuesday.
“The government is aware of the difficult situation that many companies are in,” said Lindner. “We will do everything in our power to ensure that they can overcome this crisis.”
The government is currently working on a package of measures to help businesses. These measures include:
- Financial assistance: The government will provide financial assistance to companies that are particularly affected by the energy crisis. This assistance could take the form of loans, grants, or tax breaks.
- Energy support: The government will provide energy support to companies that are struggling to pay their energy bills. This support could take the form of subsidies or tax breaks.
- Flexibility in labor market regulations: The government will make it easier for companies to adjust their workforces to the changing economic conditions. This flexibility could take the form of changes to hiring and firing regulations.
The government is also working with the European Union to coordinate a response to the energy crisis. This response could include joint measures to reduce energy prices or to provide financial assistance to businesses.
The government is confident that its measures will be effective in preventing a wave of insolvencies. However, the government is also urging businesses to take steps to prepare for the challenges ahead.
“Businesses should take advantage of the government’s support measures,” said Lindner. “They should also take steps to reduce their energy consumption and to adjust their business models to the changing economic conditions.”
The government’s determination to prevent a wave of insolvencies is a welcome sign. The measures that the government is working on will help to ensure that businesses can survive the current crisis and continue to contribute to the German economy.
Union will Insolvenzwelle stoppen
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