GERMANY

To offset the immense pressures on the German economy due to the COVID-19 pandemic, the national government has enacted several major relief and stimulus measures.

Over recent weeks, the German government has rolled out the following measures for businesses and households, among others:

€600 billion stabilisation fund for debt financing and buying direct stakes in companies;

€50 billion in grants for small businesses, up to €15,000;

€7.7 billion for social security protections for self-employed;

– €3.5 billion for medical needs, PPEs, and vaccine development;

– Protection from eviction for tenants;

€55 billion for further stimulus support mechanisms