On Monday has approved the financial delegation of the Parliament of the aid package by the Federal Council. This massive intervention of the state is not like her in the business, apparently. In fact, you had no other choice, said the Zug councillor Peter Hegglin (59) of the CVP.

The only Alternative would have been the company with liquidity bottlenecks, A non-repayable contributions to align. With guarantees you have at least the hope that the Federal government should not pay for it. Loans are preferable to the giving away of taxpayers ‘ money still.

cost more

But it would be really a gift? The Federal government has forced thousands of businesses, Restaurants, shops, fitness studios, etc., to close the Store. The loss of Pay – even the self-employed and Temporary – will be compensated on short-time working or by the unemployment insurance Fund to a large extent. Namely, à-fonds-perdu. These grants need not be paid back.

But who does not want to close his business, but later continue to operate, in addition to wages, other running costs such as loan interest, depreciation, etc., and especially Rent. These expenses are normally covered by current revenue. Because these fall away now, the Federal SMEs bridging loans to be conveyed to the respective house Bank.

the rules

the following terms and conditions: amounts to a maximum of 500’000 Swiss francs, or 10 percent of revenues are guaranteed by the Federal government to 100 percent will apply. These loans are interest – free.

At the higher contributions, the Bank will take 15 percent of the default risk. You must check in all cases whether the company has “fundamentally solvent”. For this, companies have to pay an interest rate of 0.5 percent.

the devil is in The Detail

we See us on the basis of the statistics of the “accounting of the results of the Swiss company” once, what does this mean for the average catering operation: The fixed costs incl. Financial expenses, amortization and depreciation and, above all, rent make up about 30 percent of sales. So a good quarter!

The bridge loan will last for a maximum of four months. After these four months has increased the debt by 10 percent of sales. Because the Limit for the credit is not limitless, but is 10 percent of the annual turnover. This means that a small SME with an annual turnover of one Million Swiss francs, a maximum receive a credit of 100’000 Swiss francs!

Given the already-thin level of equity, this means that 60 percent of the equity is gone. In addition, will double the interest on the debt at least. The average values are. Half of the companies is worse off.

this is really Worth it?

In this situation, not only for the gastro-entrepreneurs, the question of whether they log in rather the same bankruptcy and a “end with horror, to a horror without end” is to prefer. And the banks need to ask themselves, whether such operations are “fundamentally solvent”, and if they can grant you a bridging loan or to.

And, as in the case of a bankruptcy, probably not all, of the claims paid can be threatened with a bankruptcy wave and a real estate crash.

state is supposed to pass for the damage just

Ultimately, the loan program is the attempt by the Corona-crisis triggered huge damage to the SMEs and small independent advertising. You have to bother welshing on the result of the crisis, and the defensive measures losses in hindsight. The banks should not grant loans as usual for investment, but to cover current losses over. This is unrealistic. The only one who can carry this debt, the state is the debtor of last resort.

So, it would be important and the economy is logical that the state is responsible not only wages, but also the ongoing operating costs from the beginning, à-fonds-perdu, and not only after the SME payment become incapacitated. This would also be in the interests of justice and the polluter pays principle. Finally, the state has let the farms close, so he should also cover the damage.

the Federal Council, to correct any errors

Affordable, that would be all. The think-tank Avenir Suisse estimates that the need for short-time work compensation 7 billion and the liquidity loans to 5 billion Swiss francs per month. Even if the crisis would last for 6 months, would be the only 72 billion Swiss francs, or about 10 percent of GDP. From the looks of it today, could be used to Finance the Federal money even with a negative interest rate of 0.5 percent, would rake in each year 360 million.

In the ideal case, the Federal government would have the appropriate representations on the 16. March to announce, simultaneously with the closing of Restaurants, shops, etc. Meanwhile, he – droplets – has improved. However, liquidity assistance (instead of non-repayable allowances) remains to be a perhaps fatal error. The faster to him, the Federal Council is corrected, the greater the Chance that we will survive all the crisis of healing is.

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.

protection against Coronavirus

recommendations of the Federal office for health, how you can protect yourself:

wash your hands
Wash your hands regularly with soap and water or use a Hand sanitizer.

Not Sneezing into hands, sneeze
or cough in a handkerchief; or if you have none, in the bend of your elbow.

handkerchiefs correctly
paper handkerchiefs to dispose of, should be disposed of after use in a closed waste bin. the contact minimize
Avoid contact with people who have difficulty breathing or a cough.

to Avoid larger gatherings of people, such as sporting events or public transportation. To remain as home to the “most important thing of All is up to date”, so that more and more people are infected. You should go only in exceptional cases, Outside.

everything is possible, delivery at home.

Important:
no welcome kiss, no hugs, no shaking hands. And always a distance of one Meter to keep.

stay Informed
please Observe the local directives and recommendations. Strictly to the rules and announcements of the authorities. “Who is healthy, and informed, remains in 99 percent of cases, healthy.”

info lines Coronavirus
For the population: 058 463 00 00
For travelers: 058 464 44 88
available: 24 hours a Day when should you to the doctor?
don’t Go any more in case of symptoms (difficulty breathing, cough, or fever) in the Public and immediately contact – first by phone, a Doctor, a doctor or a health care facility.

The Situation will continue until Further notice. Those who feel themselves safe and healthy and, therefore, to the front of the storm, risking to prolong the condition. Therefore, peace preserved, and the thing in common to serve. (SDA)

I Have the corona virus or just the flu?

The Coronavirus spreads further – also in Switzerland. Especially in the flu season, you can assess for yourself whether one is ill with the Coronavirus, or whether you just have an ordinary flu. The differences are subtle, but they exist. VIEWS is defined.