HOW GERMANY WON CORONAVIRUS | WORLD ECONOMIC 2020
A cheque for 1200 dollar cash ninety percent of americans got 1200 dollar cash in the mail to help them with the covid-19 pandemic, Because a lot of governments around the world are trying to save the economy. But there is one country that saved its economy better than anyone else and that is GERMANY.
Their stimulus plan is so good it blew mind away here is what they did.
1) In germany, if you're a citizen affected by coronavirus you don't have to pay rent they made it illegal to kick you out of your home if you cannot afford rent this way no one become homeless and you can pay your rent back in 2022 when your situation improves.
2) You don't have to pay taxes because of coronavirus, everything you owe the government you can pay next year instead.
3) If you are still struggling germany will give you fifty billion euros this is free money to help
- Artist
- Entrepreneurs
- and Freelancer
- If you have a small business you will get help too
The government will pay upto 70 percent of your employees salaries and give you upto thirty five thousand euros to survive pandemic.
This way you don't have to fire your employees.
Here is the crazy part if you have big business the government will give you six hundred billion euros in loans so you can survive and keep you employees.
Germany is spending sixty percent of its GDP to help the economy while the other countries are spending ten percent of their GDP and its not over yet.
All of this, They did with in weeks not months or year this makes it the fastest recovery plan in the world and the most generous.
At the same time coronavirus cases in germany are dropping life is slowly going back to normal.
- RENT
- TAXES
That's why everybody needs to learn from germany. In many other countries, there is ONE BIG PROBLEM slow goverment, SLOW GOVERMENTS kill businesses an kill lives but in germany they were able to save both... that is impressive
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