Accordingly, the federal government initially wants to take a direct stake in Lufthansa with less than 25 percent. Accordingly, the federal government would not have a blocking minority – it could not block important strategic decisions. The construction of a convertible bond worth five percent plus one share should enable the state to build up a blocking minority in the event of an attempt at a hostile takeover, it said. First the “Handelsblatt” reported on the design.
“Spiegel” had previously reported that the federal government had agreed on how the state should get on board with the airline. Merkel, Federal Finance Minister Olaf Scholz (SPD) and Federal Economics Minister Peter Altmaier (CDU) had reached a compromise.
The Lufthansa Group threatens to run out of money. Like the entire industry, the company was hit hard by the corona shock and is currently losing around 800 million euros in cash a month. Of the supposedly existing cash reserves of more than 4 billion euros, 1.8 billion euros actually belong to customers who are waiting for reimbursements for flights that have not been carried out.
The virus with the following travel restrictions had almost brought global air traffic to a standstill, with the exception of cargo. Lufthansa reduced passenger operations to a minimum and now only flew just under 1 percent of passengers compared to the previous year. In the meantime, traffic is slowly starting up again, so that around 14 percent of the actually planned traffic should be back in the air by the end of June.
In the Corona crisis, politicians had decided on comprehensive aid programs to cushion the economic consequences – including an economic stabilization fund worth billions. This provides for the state’s temporary participation in companies.
The modalities of state aid for Lufthansa were long disputed in the black-red coalition. Above all, the Union had warned against a “quasi-nationalization” of the airline. A discussed model of a state participation of around 25 percent plus one share and thus a blocking minority was viewed very critically in the Union.
The Lufthansa management had repeatedly warned against excessive government influence on corporate decisions and excessive debt.
Less air traffic: job cuts at Frankfurt Airport share of the aviation group: Lufthansa could fly out of the Dax
Lufthansa and its works councils called for quick decisions on the planned state aid on Tuesday. The employee representatives warned in an open letter of bankruptcy or protective shield proceedings for the Dax group. Both involve incalculable risks and would send the wrong signal economically and politically, argued the employees.
Sources used: dpa news agency
Berlin (dpa) – CSU boss Markus Söder expects a decision on the Union’s candidacy for chancellor in January. “The question of who will stand for chancellor will probably not be decided until January.to kill a mockingbird trial essay
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In December the CDU elects a new chairman. You have to wait and see, “said the Bavarian Prime Minister of” Welt am Sonntag “.” Who knows what will happen until then. “
When asked whether Chancellor Angela Merkel (CDU) should continue in view of the Union’s currently good polls, Söder replied: “The Chancellor is leading our country very well through this crisis. Everything else she decides for herself.” Then he added with a view to the corona pandemic: “The crisis shows who the Germans trust in difficult times. That is a great responsibility.” When asked whether he would think again about his role in the federal government, Söder said: “I was only thinking very generally.”
Söder had emphasized several times that his place was in Bavaria. However, his survey values have risen sharply in the Corona crisis, and in some cases he is far ahead of other potential chancellor candidates. In the latest ZDF political barometer, he is the second most popular politician after Merkel. Health Minister Jens Spahn is in the middle, North Rhine-Westphalia’s Prime Minister Armin Laschet well behind. Söder performed best among the Union candidates for the candidate for chancellor in the ARD Germany trend three weeks ago, both among all respondents and among Union supporters.
Before the K question, however, the successor to CDU boss Annegret Kramp-Karrenbauer must be clarified. Laschet, the economic politician Friedrich Merz and the foreign politician Norbert Röttgen apply for the CDU chairmanship – and thus indirectly also the candidacy. Laschet competes in the race for party leadership in tandem with Spahn. If Laschet wins, the health minister will become vice-chairman at the party congress.
The Saarland Prime Minister Tobias Hans does not believe that there will be other well-known candidates for the party chairmanship. “I am not currently assuming that there will be any further applications,” said the CDU politician to the German Press Agency. It goes without saying, however, that candidates can apply until December. After the election, “the chairmen of the CDU and CSU would talk about who would be the candidate for chancellor”. The Saar CDU boss added: “It has always been a good custom so far. And it will be the same again this time.” Both CDU and CSU chairmen are “natural aspirants for the candidacy for chancellor”.
Actually, Kramp-Karrenbauer’s succession should have been clarified long ago. A special party conference planned for April was canceled due to the Corona crisis. Now there should be no special party conference before the regular party conference in December. It was also discussed with the candidates that it makes no sense to hold a special party conference a few weeks before a regular party conference, Kramp-Karrenbauer told the broadcaster n-tv a few days ago.
Röttgen assumes that the competition of candidates for the party chairmanship will only pick up speed in autumn. “I think it is realistic that perhaps two months before the party congress we will come to a competition of candidates more intensively and perform together – as it was originally planned,” said the 54-year-old “Zeit online”.
It is also unclear who the SPD is sending into the race as candidate for chancellor, which seems bold with polls of currently 15 to 16 percent. The magazine “Cicero” recently reported that SPD parliamentary group leader Rolf Mützenich was the preferred candidate for party chairmen Saskia Esken and Norbert Walter-Borjans. Federal Finance Minister Olaf Scholz is a possible candidate, but the Vice Chancellor is keeping a low profile.
In current surveys, the Greens are even better off than the SPD, although they lost approval in the Corona crisis. Party leader Robert Habeck told the Tagesspiegel am Sonntag when asked whether he had parted with the idea of becoming a candidate for chancellor: “I know that the question of candidates for chancellor and polls seem important. But for me it was true before the crisis and is true today : We draw our strength from the fact that we do not deal with ourselves all the time. “
Hesse’s Prime Minister Volker Bouffier has criticized Finance Minister Olaf Scholz’s rescue plan for local authorities. Scholz announced the plans without consulting.
Hesse’s head of government Volker Bouffier has criticized the plans of Federal Finance Minister Olaf Scholz (SPD) for a protective umbrella worth billions for the municipalities because of the corona crisis. “In the crisis you have to stick together and not announce something that raises more problems than it solves without any consultation,” Bouffier told the newspapers of the Funke media group. But Scholz announced a rescue package “in which the countries should pay half of the amount, and nobody speaks to them beforehand”. In addition, Hessen has already largely discharged its municipalities with a rescue package of over five billion euros.
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Scholz wants to absorb tax losses by the municipalities in the Corona crisis and old debts in the billions with a common protective umbrella. A concept paper from his ministry provides for an aid package of up to 57 billion euros, half of which is to be raised by the federal and state governments.
Sources used: dpa news agency
The federal government has apparently decided not to extend the continued payment of wages for parents. Labor Minister Heil, however, is still fighting for a follow-up regulation.
The federal government does not want to extend the continued payment of wages for parents who cannot work during the Corona crisis because daycare centers or schools are closed. “In view of the increasingly open schools and kindergartens, there will be no extension of the regulation as of today,” said a spokeswoman for the Federal Ministry of Labor of the “Neue Osnabrücker Zeitung”.
Since March 30, parents have been entitled to receive 67 percent of the lost net income from the state for six weeks – up to a limit of 2,016 euros per month.
For some parents, the payments would be exhausted by mid-May. However, according to the Federal Ministry of Labor, each parent has their own entitlement “so that a total of 12 weeks of home care are possible”. Federal Family Minister Franziska Giffey (SPD) had announced in April that the loss of wages would be extended. Labor Minister Hubertus Heil (SPD) had also announced a “follow-up regulation”. There were also calls from the CDU for an extension of wages for parents.
Left parliamentary group leader Dietmar Bartsch appealed to Chancellor Angela Merkel and the Minister of Labor to “extend the six-week period” unbureaucratically until there is regular operation at primary schools and daycare centers.
DGB board member Anja Piel also urged the NOZ to make improvements. According to her, many families are “still bothered by livelihood worries and childcare shortages in view of the emergency operations in the daycare centers and the restricted school operations.”
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Federal Labor Minister Hubertus Heil wants to advocate a follow-up regulation for the expiry of wages in closed daycare centers and schools. “I am firmly convinced that we have to find a new attempt to find a new regulation for the transition,” said the SPD politician in the Federal Council on Friday. Heil announced that the topic will be discussed next Monday at a meeting of trade union and employer representatives with Chancellor Angela Merkel (CDU).
Sources used: dpa news agency
The negotiations lasted a long time, and now the largest economic stimulus package in German post-war history is in place. The press is positively surprised – but not without warning.
After a tough struggle, the grand coalition agreed on a historic economic stimulus package: it plans to spend 130 billion euros to overcome the deep economic review caused by the corona pandemic. And the long rounds of negotiations have obviously paid off. Because the German press reacted almost euphorically to the package of measures. But there are also words of caution. An overview:
Handelsblatt (Düsseldorf): “The result is a surprise coup with a huge hope for the future. In addition, there is a piece of voter buying and numerous sedatives for the population combined with the prospect of an economic policy flash in the pan. So a promising mix, not only with the CDU, CSU and SPD Do something for the economy and citizens, but rather position yourself optimally for the Bundestag election next year (…)
Even those who say we can get out of debt in the face of low interest rates have to face enormous debt levels. Remember the grand coalition in the Lehman crisis: Union and SPD also opened the floodgates. The then Federal Finance Minister Wolfgang Schäuble (CDU) first had to consolidate in the black and yellow federal government. All of this is now coming back to the citizens. After the coalition committee, nobody wanted to say it. But the truth is reasonable for the citizen. ”
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Redaktionsnetzwerk Deutschland: “The agreement shows: Germany is governed by a grand coalition that is capable of acting – at least when the problems are particularly great. Reason triumphs over ideological trench warfare. That was the case in the financial crisis of 2008/2009, that is, too Now successful again. As correct as it was to make the pandemic controllable by a shutdown, it is now essential to at least mitigate the economic consequences of the emergency braking by billions. A grand coalition for big tasks, Merkel said in 2013. Now the sentence is correct finally.”
Tagesspiegel (Hamburg): “It is true that in the past few days one has felt more reminiscent of coalition negotiations than targeted government action. But the coalition did surprise: The general, significant reduction in VAT is a signal that is intended to stimulate consumption – and strengthen consumption is a good measure when it comes to stimulating the economy, but the economy must also join in and pass on the tax cut – at least in sectors that have not been so shaken up to now