(Bloomberg) -- The Dutch government has announced a rescue package designed to shield companies from the impact of the coronavirus that Finance Minister Wopke Hoekstra said is unlimited but will likely cost tens of billions of euros.
The government is working on eight measures, including a fund that makes it easier for firms to request compensation for lost revenues and helps them pay wages, Hoekstra said Tuesday at a news conference. Self-employed people will also have access to government cash if they earn less than the minimum wage.
“We are prepared to do anything and go really far,” he said, adding that he can’t rule out some companies going bankrupt. The stimulus has “no cap” and will “inevitably” impact government debt, he said.
