The Federal government had not reacted in the spring of the severe economic downturn with a variety of financial assistance for businesses, but also with a suspension of the obligation to apply for Insolvency by the end of September 2020. Thus, companies that were advised by the Corona-a crisis in severity of Distress should be, without that your business model is basically out of the question, helped. In view of the extraordinary Situation in the spring of this decision was represented.
does Not represent an extension of this scheme into the spring of 2021, which is unquestionably a further extension of the election to the Bundestag would connect to would. The Federal government would in the coming spring, half a year before the elections to the Bundestag, even less interest in a bankruptcy as this fall. The perpetuation of a for a temporary emergency regime established in a time in which the economy is recovering, but it would be a policy error
damage to healthy competitors
As regrettable, perhaps even traumatic economic Failure for the Concerned: Economic Failure belongs to a market economy. The attempt to prevent this Failure by the state for a long time, would have a significant economic disadvantages for the communities.
the economic lives of a number of dynamic changes, the rewards for new ideas and outdated business models out in the market. Anyone who sees a rapid digitization of many spheres of life, as a positive side-effect of the pandemic, you must accept that a faster digitization, to the detriment of analog business models. Given the weakness of the economy prior to the outbreak of the pandemic, companies are likely to also under the Corona shield are, their difficulties cannot be attributed solely to the disease.
Weak companies with a state guarantee, damage, healthy competitors, and get along without the state. The longer the Weak remain on the market, the greater the harm to suppliers and banks, if you go one day, but then under. The state must accept its limitations.Updated Date: 14 August 2020, 04:19