Government details range of rescue measures in virus package

Luxembourg Times | Mar 25, 2020 at 7:32 PM
  • The government presented a raft of measures worth €8.8 billion on Wednesday to shore up Luxembourg businesses during the coronavirus pandemic that has seen economic activity come largely to a standstill.
  • Finally, the government plans to cover €2.5 billion in loan guarantees for companies, agreeing with banks that it will take on 85% of the risk.
  • The government has filed a request with parliament to issue a government bond worth €3 billion to help fill state coffers and bridge the gap in public finances resulting from the crisis measures.