German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
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Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#2Aren't state aids forbidden in the EU?
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#3Thanks for your taxes.
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#4Does it mean that every german will have to pay about $10B / 80m = 125 euros for that ? So it means that they'll have, for example, to wait a little longer to buy their next phone, or lunch ? (I ask the question here because that's the kind of reasoning I read in the press but I'd like to know if it's as simple as that)
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#5Yahoo finance says their market cap is 4 billion [0] and yet they are getting a bailout worth 2.5 times their market cap. That's crazy.
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#6Meanwhile American Airlines needs like 12 trillion dollars to keep the lights on. Can't wait for the day where we let that pathetic airline fail.
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#7Yahoo finance says their market cap is 4 billion [0] and yet they are getting a bailout worth 2.5 times their market cap. That's crazy. [0]: https://finance.yahoo.com/quote/lha.de/
Could be even crazier:
Air France / KLM has a 2B cap; they are getting bailouts to the tune of 2B-4B (dutch gov., amount to be determined) + 7B (french gov.)
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#8Aren't state aids forbidden in the EU?
She who pays the piper calls the tune
Re: German government to bail Lufthansa out of bankruptcy with nearly $10B state aid
#9Does it mean that every german will have to pay about $10B / 80m = 125 euros for that ? So it means that they'll have, for example, to wait a little longer to buy their next phone, or lunch ? (I ask the question here because that's the kind of reasoning I read in the press but I'd like to know if it's as simple as that)
Nope. Because they have already paid all of this in taxes. It means, that the 10 bn won't get 'invested' by the government in another project, e.g., welfare benefits, infrastructure, health, or education. Alternatively, it means: nothing of all of those, but inflation will rise an additional 0.0001% (if the funding source is printing money vs. using tax payer money)