Concerns about the economic consequences of the corona situation are growing. It is controversial whether the extension of the corona aid will last until the end of March.
Representatives of the German economy have welcomed the extension of the corona aid until the end of March 2022. With the announced regulations on short-time working, the federal and state governments have demonstrated a sense of responsibility and the ability to act in a serious situation, praised the employers’ association BDA on Friday. “The planned adjustments are essential for many companies, especially in view of the current dynamic developments and the necessary planning security.” Of the Industry association BDI called for an expansion of the aid measuresas soon as consumers hold back from making purchases due to the pandemic. Overall, the association was disappointed with the decisions.
The Central Association of German Crafts (ZDH) warnedthat the continuation must apply to all support instruments, including the special rules for guarantee banks and the possibility of tax deferrals. Of the Reiseverband DRV spoke of a good and right decision. “The crisis for the travel industry is not over yet, nor is it foreseeable,” said DRV President Norbert Fiebig. The extension creates planning security and is an important signal for job security in the industry with its almost three million employees.
The federal and state governments decided on Thursday that particularly stressed companies should receive economic aid longer in the Corona crisis. The federal government is extending the bridging aid III Plus, which was previously limited to the end of the year, until the end of March 2022. Regulations on short-time work and the restart aid for self-employed persons are also to be extended. According to the Federal Ministry of Economics, aid of around 126 billion euros has been granted for the economy since the beginning of the crisis. In addition, there is the cyclical short-time work allowance of around 31 billion euros.
The BDI was disappointed overall with the decisions to combat the pandemic and spoke of a “missed opportunity”. Although there are necessary measures against the fourth wave, said BDI President Siegfried Russwurm. But they fell short of expectations. “Despite all the announced efforts, these resolutions again do not solve the implementation problem of the federal patchwork quilt in the fight against corona.” Germany needs a nationwide step-by-step plan with clear measures and detailed criteria and thresholds for their application.
Russwurm urged the population to vaccinate, which is the highest civic duty. “It shouldn’t be that a small group of people who refuse vaccinations paralyzes an entire society with the majority of those who have been vaccinated.” Austria shows that in such a dramatic situation, a compulsory vaccination is possible as a last resort. In addition, it is incomprehensible that there should be no compulsory vaccination for employees in schools and daycare centers. “Once again, unvaccinated children, adolescents and their families are exposed to unnecessary risks from a corona infection and its long-term consequences,” criticized the BDI President. (dpa / rs)