Talks to award credit lines and buy shares of ailing ship maker Meyer, who also produce key offshore equipment, amounting to €2.8 billion had progressed far, German Chancellor Olaf Scholz said on visit to the firm
Public broadcaster ARD suggested that Berlin and the state of Lower Saxony, the heartland of the SPD where the shipyard is located, will buy up to €500 million worth of company shares each while providing guarantees for €1.8 billion in loans.
So, 1/3 equity and 2/3 sort-of-maybe welfare. IMO a solid industrial policy is both necessary for Europe and inevitable at this point.
So, 1/3 equity and 2/3 sort-of-maybe welfare. IMO a solid industrial policy is both necessary for Europe and inevitable at this point.