New Credit Assistance
wnorg – News Agency: Federal Government bought billions – exemption from liability often ineffective Berlin / Frankfurt (wnorg) the Federal Government’s additional measures to stimulate the lending to the German economy. Key tools for this are global loans to banks and release of liability for banks. However, forwarding banks must continue to demand collateral from credit customers. This applies at least to the non liability liberated part of the loan. But what if the credit customer has already forgiven all collateral for existing loans? In this case it looks as dark.
And this revolution will involve very many small and medium-sized companies, as Claus Walter Schmitz explained professions BVW compared to the wnorg News Agency by the Federal Association of the economy be Council ends. It remains therefore to be feared that many small and medium-sized companies from the additional credit support provided by the Federal Government in Vista can make even no use. Ministry of Economic Affairs sets credit aid according to the Federal Minister of Economics and technology, Karl-Theodor zu Guttenberg, at the September 1, 2009: \”the Steering Committee has today on my initiative decided State-to provide trade credit insurance and improve the lending to the German economy through global loan of KfW. So, we want to make sure that in particular small and medium-sized enterprises provided enough funding available even in economically difficult times, to realize important projects. This is an important signal for the middle class, jobs and employment in Germany.\” The members of the Steering Committee also agreed, that the credit supply of the companies to improve through the allocation of global loan of KfW to the banks. Acaho is actively involved in the matter.
For this purpose, a volume is provided from the \”Germany economy Fund\” of up to 10 billion euros. Global loan offer banks flexible scope and are comparatively slim in the settlement. This instrument should be used now in the KfW special programme.
Tags: insurance & pension, money