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Offbeat SMEs should get loans more easily - State is liable for risks in crisis

16:00  06 april  2020
16:00  06 april  2020 Source:   boerse-online.de

Clyburn: Congressional committee on coronavirus response 'not about the president'

  Clyburn: Congressional committee on coronavirus response 'not about the president' Democratic South Carolina Rep. James Clyburn praised House Speaker Nancy Pelosi on Sunday for forming a congressional committee to examine the federal response to the outbreak of the coronavirus. © Provided by Washington Examiner The committee, which will be chaired by Clyburn, will "assure that the taxpayers' dollars are being wisely and efficiently spent to save lives, deliver relief, and benefit our economy,” Pelosi said this week. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

Student loans are being issued at unprecedented rates as more American students pursue higher She said borrowers with smaller amounts of debt—those most at risk of default— should take “It’s much different than mortgages,” Jersey said. “Even though it’s a crisis in that it increases the deficit

For most loans , try to submit applications within 30 days at most . Credit scoring models are designed to account for the fact it takes time to apply for loans , and that wise consumers shop around. Those models should consider multiple applications within a short timeframe to be a single application.

Arbeit, Buero © iStock work, office The European Commission had already given the green light on Friday evening for full state liability for loans of up to EUR 800,000. So far, banks have assumed a residual risk of ten or 20 percent, but in future the state will be liable for everything for a limited time. This means that loans can be paid out more quickly because there is no longer any need to check the creditworthiness. Critics warn, however, that such a wave of problem loans could build up, for which taxpayers will have to stand in the end. Politicians are already debating whether the approach needs to be expanded due to the massive impact of the pandemic on the economy. "This limit has to be raised to three million euros," said CSU finance politician Hans Michelbach, referring to the upper limit of 800,000 euros. Aid loans should also be ten instead of five years. SME President Mario Ohoven welcomed the planned relief. This would mean that banks would no longer have an excuse to deny medium-sized companies urgently needed loans.rtr Do you want more background and assessments on Arbeit, Buero work, iStock work, coronavirus , information on dividends and general meetings and recommendations and strategies for investors : Then read the digital single issues of BÖRSE ONLINE , € uro on Sunday and € uro Did you like the article from boerse-online.de? Then support independent journalism with a small one-off amount. We continuously offer up-to-date stock market analyzes, exciting real-time news and objective usability issues - which are more important than ever in these times. Thanks a lot. Support independent journalism! € 2 € 5 € 10 Own amount: Support now Powered by Support the author

Coronavirus: a drama for summer festivals which postpone or cancel their edition .
© Fred TANNEAU / AFP The festival industry is very badly hit by the coronavirus crisis, when the summer season is coming. Of the 2,000 events that take place each year, mostly from June to September, many have chosen to postpone or even cancel their holding in 2020. This is one of the sectors to have been affected from the first time of the coronavirus crisis: culture has been hit hard by the banning of gatherings, which this time threatens all the festivals planned for this summer.

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