US News Scholz considers debts to be acceptable - Corona aid should be extended
Corona case numbers: RKI reports fewer infections and warns of a further increase
© iStockphoto The number of infections in Germany has been increasing for weeks. Now the official number of new corona infections is falling - but relaxation is not appropriate. The RKI reports the current number of cases from Monday. As expected, the Robert Koch Institute reported a comparatively low number of new corona infections on Monday. Accordingly, the health authorities had transmitted 922 cases within one day, as the RKI announced.
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Berlin (Reuters) - Federal Finance Minister Olaf Scholz is holding on despite huge gaps Budget the debt burden for sustainable.
Germany will have lower debt after the coronavirus crisis than many other states before the outbreak of the pandemic, said the SPD candidate for chancellor in Berlin on Tuesday. The debt ratio in relation to economic strength rose to over 80 percent in the financial crisis in 2009, this time it would probably be 75 to 76 percent. "That's a good sign."
The Bundestag is discussing the budget draft of the grand coalition for 2021 this week. This provides for new debt of a good 96 billion euros - the second highest after the record of 2020. "That is very, very much money," said Scholz. The aid measures to support the economy are unlikely to end abruptly. As an example, he cited the recently extended option for short-time work. "Failure to act would be much more expensive." Thanks to solid budget management, the government has been able to counter the crisis with full force since 2014 - and must do so.
According to Scholz, the gross domestic product will collapse by 5.8 percent this year - about as much as in the financial crisis. In the financial planning from 2021 to 2024 investments amounting to 199.2 billion euros are planned - considerably more than in earlier times. This will also trigger private investments and ensure additional growth, said Scholz.
Trump declares negotiations on new corona aid package to have failed .
US President Donald Trump has declared negotiations with the opposition Democrats for a new corona aid package to have failed. Trump wrote on Tuesday in the short message service Twitter that he had instructed his negotiators to suspend talks until the presidential election on November 3rd. On the New York Stock Exchange, share prices immediately plummeted.
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Hear from financial aid experts on deadlines, what documents you will need, and how your info will be used to calculate aid . There is NO PLACE on the FAFSA for any debt information to be reported. One should not manage debt based only on FAFSA but look at the finances holistically as to what talk.collegeconfidential.com
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Both countries have called for the EU to issue " corona bonds" to help finance the relief effort. The economic consequences of the rift should be contained by the extraordinary national relief measures taken by governments and the huge amount of money committed by the European Central Bank. edition.cnn.com
As the corona crisis sweeps over Germany, the government in Berlin has assembled an unprecedented aid package aimed at supporting families, renters, employees, freelancers and companies. Families that have lost a large share of their incomes are to be given easier access to the children's allowance.
Olaf Scholz told broadcaster ARD late on Thursday he was convinced the European Stability Mechanism - a bailout fund with 400 billion euros Regling said the ESM's most suitable tool for the current crisis was probably preventative credit lines. Germany: ESM aid should be disbursed without
This note is developed by the OECD Centre for Entrepreneurship, SMEs, Regions and Cities (CFE). It examines how SMEs are likely to be affected by the current coronavirus epidemic, reports on early evidence and estimates about the impact, and provides a preliminary inventory of country responses
Debt consolidation rolls multiple debts , typically high-interest debt such as credit card bills, into a single payment. Debt consolidation might be a good idea for you if you can get a lower interest rate. That will help you reduce your total debt and reorganize it so you can pay it off faster.
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So how much debt is acceptable ? As little as possible, certainly no more than federal dependent student loans limits. Your goal should be ZERO for undergrad .but even if you have to borrow "some," don't borrow more than $27k total. Who would cosign all that debt ?