Germany extends €30bn credit insurance bailout

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Germany has extended its state-backed €30bn Covid-19 credit insurance guarantee for a further six months to 30 June 2021, after pressure from German insurance buyer association GVNW and insurance association GDV to continue the scheme beyond December. The extension will allow credit insurers to continue underwriting €400bn of insurance to help businesses protect their supply chains and prevent insolvencies, the…

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