March 19, 2020 / 7:22 AM / 11 days ago

Swiss ready virus aid package worth 40-100 billion Swiss francs - Tages-Anzeiger

ZURICH (Reuters) - The Swiss government, central bank and market supervisor are readying an aid package worth 40 billion to 100 billion Swiss francs (89.79 billion pounds) to help the economy deal with the fallout from the coronavirus pandemic, the Tages-Anzeiger paper reported on Thursday.

Details are due to emerge by Friday, the paper said, citing several unnamed sources.

Easing of credit and liquidity rules to encourage bank lending and government guarantees are part of the plan, it added.

The government has already announced an aid package worth 10 billion francs, mostly earmarked for workers on short hours due to the spread of the virus that has sickened more than 3,000 people and killed at least 21 in Switzerland.

Reporting by Zurich Newsroom; Editing by Michael Shields

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