The German government has agreed on final details of a rescue package for airline carrier Lufthansa , media reported on Wednesday.
BERLIN -
The ministers in charge put the finishing touches on the bailout package and a government official was on his way to Frankfurt to seal the deal with airline managers, Der Spiegel magazine reported. In a separate report, the Handelsblatt newspaper cited government sources as saying Berlin had agreed to a three-stage model involving a total of 9 billion euros , including a 3 billion-euro loan from the state-owned KfW bank.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euro rallies on Franco-German relief fund hopes; Goldman ends short positionThe euro has rallied this week after a landmark coronavirus relief fund proposed by France and Germany provided a 'meaningful positive surprise.'
Read more »
Franco-German motor nudges EU off virus crash laneThe pair proposed a 500 bln euro fund to help pandemic-hit states. That recognises the need to share the fiscal burden and rely less on ECB boss Christine Lagarde. But market jubilance is premature. Opposition from northern countries means the plan will probably be watered down.
Read more »
Germany's Maas confident Franco-German Recovery Fund plan will get EU supportGerman Foreign Minister Heiko Maas expressed confidence on Tuesday that Franco-German plans for a 500 billion euro ($550 billion) Recovery Fund to help Europe out of the coronavirus crisis would get broad agreement from EU partners.
Read more »
Court curbs foreign internet surveillance by German spiesThe BND agency's surveillance violates 'the fundamental right to privacy of telecommunications' and freedom of the press, judges at the Constitutional Court in Karlsruhe said in their verdict.
Read more »