Yale School of Management

Posts by Germany

Implications of the German Constitutional Court’s Objection to the ECB’s Public Sector Purchase Program

July 17, 2020
The Bundesbank, the German central bank, will continue to participate in the European Central Bank’s Public Sector Purchase Program (PSPP) after the German finance minister and parliament declared that the Bundesbank’s participation was allowable under EU guidelines.  Continue reading “Implications of the German Constitutional Court’s Objection to the ECB’s Public Sector Purchase Program”

Germany Provides Public Funding for Recapitalization and Startup Equity

April 27, 2020
On April 20, the United Kingdom (UK) announced a GBP 1.2 billion ($1.49 billion) support package for “innovative firms.” The government, in partnership with private investors in some instances, will deploy the money through a new program called the Future Fund and the expansion of an existing program called Innovate UK.  Continue reading “Germany Provides Public Funding for Recapitalization and Startup Equity”

Germany Launches New Support Program After Partial Guarantee Insufficient to Promote Lending to Small Businesses

April 15, 2020
On April 6, Germany introduced a fully guaranteed loan program to support small businesses after an earlier partial government guarantee did not achieve its intended results. The Quick Loan Program will provide fully-guaranteed “instant” loans of up to EUR 800,000 to eligible businesses. Continue reading “Germany Launches New Support Program After Partial Guarantee Insufficient to Promote Lending to Small Businesses”