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Protective shield to manage the coronavirus pandemic

The German government quickly and decisively set up a protective shield for citizens, jobs and the economy in order to be prepared for all the social and economic effects of the coronavirus crisis. Our dedicated page explains how the protective shield will help.

Coronavirus Combating the coronavirus: Germany adopts the largest assistance …

The glob­al spread of the coro­n­avirus presents Ger­many with un­prece­dent­ed chal­lenges. The Ger­man gov­ern­ment is putting in­to place an as­sis­tance pack­age of his­toric pro­por­tions. The mea­sures con­tained in this pro­tec­tive shield aim to pro­tect peo­ple’s health, to safe­guard jobs, to sup­port com­pa­nies, and to main­tain so­cial co­he­sion.

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Coronavirus Key figures: update

The pro­tec­tive shield to man­age the coro­n­avirus pan­dem­ic is the largest as­sis­tance pack­age in the his­to­ry of the Fed­er­al Re­pub­lic of Ger­many. The pack­age en­sures that tar­get­ed as­sis­tance is quick­ly pro­vid­ed to those who need it. As­sis­tance to­talling €70.7bn has al­ready been ap­proved (as of 27 Oc­to­ber 2020).

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Coronavirus Tax measures to assist businesses

The Ger­man gov­ern­ment is adopt­ing a se­ries of tax mea­sures to sup­port busi­ness­es of all sizes dur­ing the coro­n­avirus pan­dem­ic. In co­or­di­na­tion with the high­est rev­enue au­thor­i­ties of the Ger­man Län­der, the Fed­er­al Min­istry of Fi­nance has agreed to the swift im­ple­men­ta­tion of tax re­lief mea­sures for free­lancers, self-em­ployed in­di­vid­u­als and oth­er en­trepreneurs. These in­clude tax pay­ment de­fer­rals, ad­just­ments to tax pre­pay­ments, and the sus­pen­sion of en­force­ment mea­sures. These mea­sures al­so ap­ply to tax­es that are ad­min­is­tered by fed­er­al au­thor­i­ties.

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Coronavirus Protective shield to manage the coronavirus pandemic: Compensation for …

The Ger­man gov­ern­ment is ex­pand­ing its short-time work scheme (Kurzarbeit), which pro­vides com­pen­sa­tion to cer­tain work­ers whose work­ing hours have to be re­duced. The aim is to pro­vide fast, tar­get­ed help if busi­ness­es ex­pe­ri­ence work short­ages dur­ing the coro­n­avirus pan­dem­ic. Ac­cess to this ben­e­fit is be­ing grant­ed with retroac­tive ef­fect from 1 March 2020. This means that busi­ness­es can ap­ply for ac­cess to the scheme now.

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Europe Eu­rogroup state­ment on COVID-19 eco­nom­ic pol­i­cy re­sponse

Fol­low­ing up on the video­con­fer­ence on 10 March 2020 be­tween Eu­ro­pean Coun­cil Mem­bers, as well as the ECB Pres­i­dent, the Eu­rogroup Pres­i­dent and the High Rep­re­sen­ta­tive, the Eu­rogroup held an in-depth dis­cus­sion on 16 March 2020, to­geth­er with non-Eu­ro Area Mem­bers, on how to re­spond to the ex­traor­di­nary hu­man and eco­nom­ic cri­sis caused by the Coro­na virus.

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Coronavirus FAQs: Multibillion-euro protective shield for Germany

The Ger­man gov­ern­ment is tak­ing swift ac­tion to com­bat the coro­n­avirus cri­sis by pro­vid­ing com­pre­hen­sive as­sis­tance pro­grammes and adopt­ing de­ci­sive eco­nom­ic and fis­cal pol­i­cy mea­sures. What kind of as­sis­tance is avail­able? You can find an­swers to the most im­por­tant ques­tions here.

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