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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
by 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 agoThe 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 agoAh right, then that specific measure sounds rather similar (except for the running out, maybe).