Germany Allowed “Temporary Nationalization” of Several Companies Due to Pandemic

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Federal Minister economics Germany Peter Altmayer (CDU) said that he did not exclude government interference in the work of strategically important companies or firms operating in highly sensitive areas of the economy and social sphere. We are talking about enterprises that have found themselves in a difficult situation due to the spread of coronavirus infection COVID-19. He said this in an interview with Der Spiegel.

The minister does not rule out “temporary nationalization” of firms and companies to prevent an impending recession. At the same time, a high-ranking official does not currently see a large number of companies that may fall under the external control of the state.



Separately, Altmeier mentioned the pharmaceutical industry in Germany, which receives many different components for its production from Asian countries. She, according to the minister, needs to be supported at the state level so that there is no shortage of medicines in Europe. At the same time, Altmayer expects multibillion support from the European Central Bank (ECB), because many countries of the European Union depend on German pharmaceuticals.

In addition, during the interview, Altmayer was asked: - Mr. Minister, a man of your age is at risk for coronavirus infection. How do you protect yourself?

I follow the recommendations of the Robert Koch Institute. Moreover, at first it was somewhat difficult for me to abandon the usual handshake for greeting. Now I do as chancellor, who said: "a friendly smile is also good"

- answered Altmeyer.
7 comments
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  1. 123
    123
    +2
    13 March 2020 20: 55
    As I understand it, temporary nationalization implies the return of property to owners after stabilization of the situation.
    I wonder how the Germans react to such news. what Resentful about saving the oligarchs from the budget? Are the pharmaceuticals only worried about packing drugs made from imported ingredients?
    1. GRF
      GRF
      +2
      14 March 2020 05: 43
      They filled everything, they are effective managers ... We smile and pay!
      And the tales of lowering the state's interference in the economy, for it is extremely bad - for whom? But Mr. Liberal is not the first to correctly explain such a balancing act ...
      But ...
      1. 123
        123
        +1
        15 March 2020 17: 32
        They filled everything, they are effective managers ... We smile and pay!
        But ...

        It is not clear what you mean. request What and where did managers fill up? If you mean the specific situation in Germany, then it is not a fact that this is their doing. Coronavirus he himself he.

        And the tales of lowering the state's interference in the economy, for it is extremely bad - for whom?

        Here you are absolutely right, the self-regulating market is utopia. Yes

        But Mr. Liberal is not the first to correctly explain such a balancing act ...

        Who do you mean?
        1. GRF
          GRF
          +2
          15 March 2020 19: 34
          Judging by your comments, you are not a liberal, and therefore, my neglect of the liberals, I hope you should not offend.
          There are too many liberals to list all, and too much honor to mention by name - oblivion is a reward to them, but now they are everywhere, simply because purebred parasites are covered by good, in fact, concepts of trashing them, such as the fascists swastika and liberals meaning freedom, national interest. In the brain mess created by the brain, the double-triple morality is not surprising ...
          Well, as an example, one could recall the financial assistance of the government (which is for the total privatization and withdrawal of the state from the economy) in the crisis of 2008 of the private company GAZ ...
          I wonder if interest was returned ...
          1. 123
            123
            +3
            15 March 2020 21: 28
            Judging by your comments, you are not a liberal, and therefore, my neglect of the liberals, I hope you should not offend.

            I thought, maybe this time I was considered a liberal, I wanted to ask why?

            Well, as an example, one could recall the financial assistance of the government (which is for the total privatization and state withdrawal from the economy) in the 2008 crisis of a private GAZ company ...

            That's right. The situation is similar, with financial difficulties, the state takes expenses on itself, I just wondered how the Germans react to this - what are also outraged about the support of the oligarchs at the expense of public goods?
    2. Bitter
      Bitter
      +1
      15 March 2020 16: 46
      Resentful about saving the oligarchs from the budget?

      In terms of understanding the Russian party, there are no oligarchs in Germany.
      Rather, they are outraged about not saving or sometimes "selective" saving enterprises.
      Depending on how many jobs fall under the knife, respectively, and taxpayers falling out of the cage.

      Does the pharmaceutical industry only pack medicines made from imported ingredients?

      Yeah, "screwdriver" assembly of tablets and powders, and on the production lines, Poles from Moldova stand. wassat
      Not just anywhere in Russia, everything from your garden or you can still apply sms to sore spots.
  2. The comment was deleted.
  3. Marzhecki
    Marzhecki
    0
    14 March 2020 09: 03
    Quote: GRF
    And fairy tales are about lowering the state into the economy, for it is extremely bad - for whom?

    Yes, where did the invisible hand of the market go?