Germany Pushes EU to Double Aid Limit for Firms Hit by Covid
- Current rules limit state payouts to about $3.7 million
- Austria has also weighed in, calling for a right to give more
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Germany wants the European Union to more than double the amount of aid that nations are allowed to dole out to individual companies as the coronavirus pandemic continues to wreak havoc across the region’s economy.
German Finance Minister Olaf Scholz and Economics Minister Peter Altmaier pleaded with the European Commission in a letter last week for an increase in the current limit of 3 million euros ($3.7 million), according to a person familiar with the discussions who spoke on condition of anonymity.