news letter Our mobile application

Weekly newsletter

Coronavirus – DK: Gov’t Response Package ‘Too Little, Too Late’

MTI-Hungary Today 2020.04.07.

The opposition Democratic Coalition (DK) on Tuesday called the government’s economic support package to the novel coronavirus epidemic “too little, too late and favouring the privileged”.

DK deputy leader Csaba Molnár, who is also a member of the European Parliament, told an online press conference that the government was “scratching the surface of the problem” and had left employees and small entrepreneurs behind. The package allocates no funds to those losing their jobs, and SMEs in sectors other than tourism can only count on loans, he said.

Molnár noted that those losing part of their wages in the crisis will have to apply for central wage compensation, an aid automatically provided in Austria and Germany, he said. Experience over the past few years suggests that many SMEs will be left entirely without help, he said.

Featured photo via Csaba Molnár’s FB page