Germany is set to release funds aimed at kick-starting business ventures in troubled Eurozone economies.
According to media reports over the weekend, the German finance and economy ministries have finalised a plan to make federal money available through the government-owned credit institution, KfW, for peripheral Eurozone countries, such as Spain.
According Die Spiegal, the government is set to release €3.2 billion, at low German rates, for companies that want to invest in Spain. There may also be future money available for Greece and Portugal.
 |
| READ THE ORIGINAL POST AT www.neurope.eu |