it is rare to see. Finance Minister Ueli Maurer (69 SVP) was almost euphoric: “This creates not only the Switzerland,” he said on Wednesday in Bern in front of the media. Within a few days, the Federal government has rammed a billion-dollar aid package from the floor. It is the largest rescue package of Swiss history.

The result: Supported enterprises, which suffer from the Corona-crisis will be. And the are not a few. Starting Thursday, small and medium-sized enterprises (SMEs) in amounts of up to 500’000 francs, the credit free of interest and without charge from the house Bank. The bottom line is for as much as 20 billion Swiss francs, are available. For the time being.

tour de force

The quick solution is mainly due to the extraordinary commitment of the 300 Swiss financial institutes, recruited masons. All of the Participants working in the last days “in the 18-hour-rhythm”, “really”. Even on Sunday morning the 300 bankers participated in a conference call to coordinate.

banks gave back the Maurer’s flowers: announcements there around the globe many. The Federal government have, however, promised that he will deliver and he did, praised Martin Scholl, chief of the Zürcher Kantonalbank, the largest of the cantonal banks in the country. You have earned the mutual Pat on the shoulder.

The lesser Evil

the Federal Council, Maurer is thrilled. The banks are proud of the SMEs, the Barber shop, such as restaurant operation, but also to be able to the house within a half hour, a free bridging loan and many bankruptcies to prevent grant. The most Important thing is that now monies quickly flowed and the wages could be paid.

the national Bank chief Thomas Jordan (57), and the Director of the Bank Supervisory authority Finma Mark Branson (51), were visibly satisfied. Both of you also wholeheartedly behind the package of measures. “We do everything so that the banks and financial system remains strong,” said Branson. “You can count on us.”

But The cash injection is expensive. The no one knows better than the Federal Council, Maurer. And he is aware, that this package “is not the end of the flagpole”. With the emergency decree of the Federal Council have chosen, but the lesser of two Evils: “We want to prevent tens of thousands of unemployed it.”

the end of the Corona-crisis is not The solidarity of all

Even if a long time in sight. The Federal government wants to keep the economy going. “We have to afford it,” he said.

And: “We live in extraordinary times,” concluded the Minister of Finance. He received daily letters from citizens and the cantons. “It’s just nice how the people participate and engage.” Also, this workaround is only through the solidarity of all possible.

Coronavirus

The Coronavirus currently holds the world in suspense. Many countries are taking measures such as Closing schools or limiting public events, to prevent the spread. In Switzerland, too, the grass, the Virus magnetized. All of the current information and Figures around the topic there is in the Coronavirus-Ticker.