A Mini-crisis package does not help against Corona

artists, musicians, athletes. The call for government economic support came in the last days of unusual page. With his event, prohibition, the Federal Council h

A Mini-crisis package does not help against Corona

artists, musicians, athletes. The call for government economic support came in the last days of unusual page. With his event, prohibition, the Federal Council has pushed many people in the Creative and events industry from the labour market. Clearly, there are wheel.

but it is also Clear that the Coronavirus growing ever stronger in the classical economy. The symptoms of Crisis are complex: The hotel industry is complaining already about empty beds, because the people do not want to travel more. Industrial companies consider short-time working, because of raw materials absence of deliveries from the far East. Because a Corona is a disease of fragrances group Givaudan has arranged this week for 400 employees work at home. These are just the harbingers of a crisis of incalculable magnitude.

What can policy do? In the summer of 2011, the Swiss franc appreciated dramatically, locker made the Federal government rapidly to 500 million Swiss francs for short-time work compensation. The measure, in retrospect, was the right one. They prevented mass layoffs in the export industry. You gave the companies air, on the new exchange Rates set. She secured the consumer demand in the domestic market. After the monetary shock, the economy is on the up again.

No holds barred

The economic consequences of the Coronavirus are much more complex. Corona not only affects the export sector, but the economy in its whole width. According to the economy Minister, Guy Parmelin needs to develop quickly a very much wider Set of measures. For small-mindedness is not the time.

"There are no taboos", said Guy Parmelin, after the crisis summit on Thursday, with the social partners. This is the place to start. To check about guarantees for companies with temporary Cash shortages are. It is also conceivable that the state prefers to support the Economy for the foreseeable investments. Parmelin is not come in addition, help to strengthen the short-time work compensation, and a collecting programme for the many who can benefit from it. The Jobber in the hotel industry and gastronomy, but also the self-employed and not to forget: the artists, the musicians and the athletes.

Created: 05.03.2020, 20:10 PM

Updated Date: 06 March 2020, 04:00

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