Germany: Pandemic crisis rescue package awaits Bundestag approval

A European Stability Mechanism (ESM) Pandemic Crisis Support aid package awaits approval from the German Bundestag before allocation, said German government spokesperson ​Ulrike Demmer during a press conference in Berlin, on Wednesday. The package aims to help countries which have experienced significant economic setbacks due to the coronavirus. Demmer noted that according to the European... Еще Council the pandemic crisis aid is a milestone of European solidarity passed during the corona-crisis. «The new ESM pandemic crisis support is based on the so-called contingent credit line with extended terms that will be adjusted to the special circumstances of the corona pandemic,» she said.
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