Reuters exclusively reports Germany, credit insurers agree to trade plan

Reuters exclusively reported that the German government and the country’s credit insurance industry have agreed to help to maintain insurance cover for trade despite economic hardship related to the coronavirus outbreak. Under the plan, the government would guarantee up to 30 billion euros ($32.8 billion) for the commercial credit insurance industry, Reuters sources said. In return, the credit insurers are committing to maintain or even extend their coverage and to pay two-thirds of their premiums to the government this year.