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Only 90%? In the US, the CARES Act is paying 250% of payroll costs! https://www.thestreet.com/personal-finance/cares-act-paycheck-protection-program-guide-for-

• Vinnl 7y ago
  I'm not too familiar with CARES, but I think the difference is that that is a one-time loan, whereas I think the Dutch government is taking up 90% of the salary costs every month, for a period of at most three months (so adding up to 270%), and is a gift, not a loan. That said, my overall point was that different measures can lead to different results - not that specific measures were different.
  • bitcurious 7y ago
    The CARES Act “loan” is structured as a loan in order to (a) enforce the use of funds for payroll expenses, and (b) use existing banking infrastructure. IIRC if you keep 80% of staff, the loan is forgiven. That said, the PPP ran out of funds today, so not all businesses are getting saved.
    • Vinnl 7y ago
      Ah right, then that specific measure sounds rather similar (except for the running out, maybe).