Swiss to expand emergency aid programme as coronavirus toll mounts

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Swiss to expand emergency aid programme as coronavirus toll mounts
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Switzerland is preparing more help for businesses flattened by the coronovirus epidemic, the government said on Wednesday, topping up the biggest economic aid package in Swiss history as the human toll mounted.

FILE PHOTO: Ambulances are pictured in front of a temporary space for patients at the University Hospital during the coronavirus disease outbreak in Lausanne, Switzerland, March 31, 2020. Laurent Gillieron/Pool via REUTERS

Banks within days have lent out more than half of the 20 billion Swiss francs set aside for state-backed loans at no or low interest under a programme set up last week. Further measures are under consideration to cover travel agencies, culture and sports, the government said, while cautioning it would be unable to cover all claims for lost income.

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