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FRANKFURT (dpa-AFX) – “Frankfurter Rundschau” activated for travel voucher solutions “:
“The crown crisis exposes misinterpretations in the business world.
A highly questionable practice has been established in the travel industry: down payments and advances for flights or hotel accommodation. This is nothing more than interest-free business loans. Loans are the business of banks. Financial institutions are required to pay in security systems. If a bank fails, the deposit insurance system intervenes. In tourism, on the other hand, there are only rudimentary security systems for clients’ money. Politicians have deliberately ignored this. And now we have disaster. The prepaid system collapsed due to the Corona crisis. Initially, the federal government attempted to save the collapse by expanding loans, at the expense of voucher clients. Fortunately, the EU does not play along. Now a state rescue fund is needed to prevent massive bankruptcies. “/ Yyzz / DP / nas
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