Controversial Corona-help: German Bundestag approves travel vouchers

That aid will be decided, and, in addition to the donors, all are dissatisfied, is rare. However, when the Bundestag decided on Thursday to create a provision f

Controversial Corona-help: German Bundestag approves travel vouchers

That aid will be decided, and, in addition to the donors, all are dissatisfied, is rare. However, when the Bundestag decided on Thursday to create a provision for vouchers instead of refunds in the Corona-crisis, unusual travel, there was criticism not only from the Opposition but also the travel industry. Too late, and not for tourism firms, the decision, complained of the FDP, the greens and the Left was.

Timo Kotowski

editor in the economy.

F. A. Z.

tour operator will have to pay back due to a corona ruptured due to a lump sum of money, may offer their customers as an Alternative to the decision a coupon. In order to help the companies, in order of their becoming a scarce liquid assets in money for the repayment flows. Customers are allowed to but are nevertheless a cash refund of the paid tour price. The original government plan for vouchers that exclude for a refund, had seen the EU Commission as a European law.

New in the scheme is that the vouchers from the state to be protected against a loss of value. A tour operator should register prior to the redemption of the certificates insolvency, then, if necessary, the Federal government in the disbursement. While tour operators must also have already a protection for incoming customer money, but the insurer can lids this coverage to 110 million euros in the year. This ceiling had been in the Thomas-Cook-insolvency as low, to all Concerned to pay off.

Good solution, or a false Signal?

The SPD deputies Karl-Heinz Brunner spoke of a "good, compromise and socially safe solution". The Union politician, Thorsten saw a solution to a wave of insolvencies among travel agencies and tour operators, so that "not proven, over decades, built structures to be destroyed." For the FDP, Roman Müller-Böhm criticized that the decision will come until almost four months after the pandemic-related travel stop. "The solution could have been in week one of the crisis decide."

Updated Date: 02 July 2020, 14:19

You need to login to comment.

Please register or login.

RELATED NEWS