Opel could receive liquidity guarantees as part of the planned EUR100 billion rescue fund for German companies.
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Germany’s Chancellor Angela Merkel told HR info radio that negotiations continue, but that gurantees are being readied for Opel..
“Opel has already started to negotiate about possible state guarantees weeks ago, these negotiations are continuing,” Merkel said.
“Opel hasn’t had an urgent need for any decision before Christmas. But of course, this is the case for a guarantee…Opel would be part of such a guarantee line.”
Her comments come ahead of a meeting of senior ruling grand coalition party officials Monday evening. They are set to agree on the EUR100 billion fund, which Merkel said centers “explicitly, mainly around guarantees” for liquidity, as well as a second fiscal stimulus plan worth roughly EUR50 billion.
