About: http://data.cimple.eu/news-article/9ed16606049c5c526325cb9123163539fe1f0f6df95cf9d55d0ddc8c

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About: http://data.cimple.eu/news-article/9ed16606049c5c526325cb9123163539fe1f0f6df95cf9d55d0ddc8c Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The German government said Monday it is planning to shield companies from going under because of the coronavirus pandemic, by suspending legal obligations for firms facing acute liquidity problems to file for bankrupty. The suspension until the end of September is aimed at giving companies breathing space to obtain credit already promised by the government. "We want to prevent companies from having to file for insolvency because the promised help from the government has not arrived in time" because of administrative processes, Justice Minister Christine Lambrecht said. Under current rules, companies that are facing cash-flow problems have to file for bankruptcy within three weeks -- a timeframe that may be too short to clear bureaucratic hurdles for government aid. Berlin on Friday promised companies "unlimited" credit to keep them afloat, as part of an economic package reaching at least 550 billion euros ($614 billion) initially -- the biggest in Germany's post-war history. Operators in the tourism and service industries are among likely candidates for the help, as they count among the most severely hit by the pandemic which has put much of Europe in lockdown. Tourism and hotel group TUI said early Monday it was applying for state aid to keep it afloat, as it suspended the "majority" of its operations over the virus. German airline giant Lufthansa meanwhile has been forced to scrap around two thirds of its flights in coming weeks as several countries including the United States ban travellers from Europe. With travel restrictions multiplying by the day, the group has seen its stock price halved since January. hmn/mfp/rl
schema:headline	Germany to shield companies from bankruptcy in virus crisis
schema:mentions	Hurdling TUI AG Lufthansa Christine Lambrecht Berlin Hotel Germany Lockdown European Union Pandemic Virus United States Coronavirus Federal Ministry of Justice and Consumer Protection Breathing Space Insolvency Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	87 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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