The junior party in Merkel’s (pic) coalition, the center-left SPD, wants to reprise the model for the €9bil (US$10.6bil) bailout of Deutsche Lufthansa AG in which Berlin secured voting rights and two supervisory board seats.
BERLIN: The prospect of bailing out more companies battered by the coronavirus pandemic is opening up a split in the German government, with free marketeers resisting a push for increased state intervention, according to people familiar with the matter.
Chancellor Angela Merkel’s government in recent weeks has signaled it would help travel operator TUI AG and steelmaker Thyssenkrupp AG overcome a collapse in revenues.
As the companies enter talks for multibillion-euro bailouts from the government rescue fund, the coalition is divided over how much power the state should take when it hands over taxpayer cash, the people said.
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