Economy minister Peter Altmaier announces approval from the European Commission’s state aid authority for the €600 billion WSF
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After months of delay, Berlin is moving ahead with a plan to recapitalize corporates with state money, in what one government says could amount to a “nationalization of the German Mittelstand”.
Economy minister Peter Altmaier announced approval from the European Commission’s state aid authority on July 8 for the new €600 billion economic stabilization fund (Wirtschaftsstabilisierungsfonds, or WSF).
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