Austria to prove 38 billion euro aid package

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A man walks next to closed shops in Vienna. Reuters

Austria will help with up to 38 billion euros ($42bn) to secure jobs and make sure coronavirus hit companies remain liquid, Chancellor Sebastian Kurz said.

“With the clear goal, no matter what it takes, we try to support the people in our country,” said Kurz.

Austria will also provide another nine billion euros in guarantees and warranties, 15 billion euros in emergency aid and 10 billion euros in tax deferrals, he said.

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