Up to 1,500 euros for freelancers in France and Spain, 4,000 in the United Kingdom. And in Germany, the soft drink reaches 9 thousand euros. Help in other countries

The economic impact of second wave of Covid 19 threatens to sink the European productive fabric just when recovery was in sight. Thus, all the most affected states are forced to put more funds on the table, after the hundreds of billions allocated in recent months. Each government, as the group of economic experts has rebuilt Bruegel, tried to stop the worst postwar crisis with aid to companies and the self-employed. If you are autonomous French the Spanish I was eligible for a monthly subsidy of up to 1,500 euros more later help up 10 thousand euro based on reduced turnover, me British received refreshments until 3,750 pounds (4,129 euros) for three months to make up one average loss of earnings of at least 40 percent. The self employed Germansinstead, they had a grant one time until 9 thousand euros non-refundable, depending on the damage suffered and provided that hereal negative impact of the emergency shutdown. As is well known, Italy has provided two months’ salary for bonus 600 euros for the self-employed (without requirements), two more bonus of 1000 euros (with many bets and not for all), non-refundable contributions minimum of € 1000 for individuals and € 2000 for companies paid by the Tax Agency based on drop in turnover and state-guaranteed loans.

France – According to the newspaper The world, for this year, the France he mobilized 470 billion of which 64 of the actual expenditures, including approximately 31 billion for the financing of the layoffs and 8 billion for the Solidarity fund for small and medium-sized companies. The government then guaranteed 327 billion loans and has greatly improved shock absorbers especially in curfew zones with ad hoc measures for companies with less than 50 employees. As in Italy, they were offered to companies and freelancers with at least eight years of activity. secured loans (between 70 and 90%) by the State, initially until the end of the year and then extended until June 30, 2021. For small companies and professionals, grants have been granted up to 1,500 euros thanks to the fund financed by the State and the Regions for the period from March to May plus a subsequent complementary aid fra i 2mila ei 10mila euro based on the number of employees, turnover and loss of income caused by the pandemic. In addition, Paris has also allocated 3,000 million to the cancellation of taxes and contributions for companies and freelancers in crisis, plus 3,900 million euros for an emergency plan for start-ups. At the sectoral level, Elíseo was mainly concerned with supporting the sector automotive (8 billion), industry tourist (9.3 billion) and that aeronautics (4.6 billion). A small contribution was also foreseen for the culture (385 million) and for the industry film.

Spain – In Spain, the government has provided an extraordinary benefit for the self-employed, which affected more than one and a half million people and which has recently been gradually extended until January 2021. In detail, according to the Bruegel think tank, Madrid has allocated 3.9 billion for the deferral of taxes on work and contributions, 1,200 million for him slippage of corporate income taxes and 5 billion for the moratorium on loans to companies in crisis. Madrid has also committed 100,000 million in the program credit guarantees for the financing of companies and freelancers. Two billion have been set aside for credit insurance guarantees for export-oriented companies. In addition, the Spanish government has contributed 10 billion for the Ico, the Spanish equivalent of the European Investment Bank, as well as one billion for the guarantee program for small and medium-sized companies that will be developed through the Spanish Rebuilding Company.

Britain – Even in England, the aid package for companies and the self-employed was substantial. The executive has prepared a new one employment support plan aimed at “protecting millions of workers, expanding support for autonomous businesses, reducing VAT to 15% for the segment hospitality me tourism and supporting companies to pay off state-guaranteed debts, ”says the government website. In detail, starting in November, the executive will complement the salaries of those who work less due to the pandemic by covering a third of the hours not worked for a maximum of 697.92 pounds per month. It will also finance Income support program for self-employment (SEISS), a fund to support the employment of the self-employed. In essence, these are grants that have covered 20% of the average profits lost during the months. November to January 2021 up to £ 1,875. The contribution was increased (40% of profits) in the months of February to April 2021 by a maximum amount of 3750 pounds (more than 4,100 euros). “This intervention adds to more than £ 13 billion in public grants that have already covered 2.6 million professionals and freelancers through the first two sections of the Seiss, one of the most generous in the world ”, claims a note from the government on 24 September. Which also contemplates the public guarantee in favor of companies to extend medium-term loans in force from six to ten years.

Germany – Already during the summer, in Germany, small businesses with up to 10 employees, autonomous and autonomous they could benefit from non-repayable loans of 9 thousand to 15 thousand euros, According to Number of employees. For medium-sized companies, the executive has put on the plate the possibility of applying secured loans by the federal government up to a maximum of 800 thousand euro for companies with more than 50 employees. Unless they are companies that were already in crisis before the pandemic wave. Finally, for large corporations, Berlin has created a Economic stabilization fund (Wirtschaftsstabilisierungsfonds) with the aim of helping them refinance in the capital market. The Fund may grant guarantees for debt instruments issued and for documented liabilities by companies from March 28, 2020 to December 31, 2021. For this project, Germany has put 600 billion on the plate, of which 400 billion for government guarantees generated by Covid 19, 100 billion for direct state participation and so many to refinance through the cash register KfW, counterpart of our Cdp. At the same time, the federal government has also created a package for the development of innovative start-up putting two billion on the plate.

Belgium – The Belgium It is among the countries most affected by this second wave but for now it has avoided the total blockade for fear of the economic impact, despite having already closed bars and restaurants and imposed the curfew at midnight. The prime minister announced that new relief measures will be planned after those adopted in recent months, when the government advanced with a package of measures worth 66 billion. $ 4.5 billion has been earmarked for corporate tax deferral, approximately $ 4.4 billion for loans from non-financial companies, small and medium-sized businesses, freelancers, and non-profit organizations. In addition, the government has provided 50 billion in guarantees from the federal government for companies in difficulty. Ad hoc interventions have been launched for the different regions. In Wallonia a 520 million fund for small and medium-sized companies, in addition to 157 million public guarantees for companies. In the Brussels region, the executive has allocated 15 million to suspend taxes for the first half of 2020 on taxis and hotels and has provided 20 million in public guarantees for companies. Finally, 1,600 million in public guarantees arrived for the Flemish area. Hoping that the long wave of Covid-19 will not excessively damage the production system.

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