Germany launches €750 million fund to protect holidaymakers

germany launches e750 million fund to protect holidaymakers

Sumary of Germany launches €750 million fund to protect holidaymakers:

  • In order to ensure that consumers are protected at all times, this €750 million German State guarantee scheme ensures that sufficient support is available to refund consumers for travel services cancelled due to the pandemic, in case package travel organisers become insolvent,” said Executive Vice-President Margrethe Vestager, in charge of competition policy.– ADVERTISEMENT — “We continue working in close cooperation with Member States to find workable solutions to mitigate the economic impact of the coronavirus outbreak, in line with EU rules,” she added.

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