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The government-ordered measures to combat the coronavirus are putting companies and private consumers under great financial pressure. Since 1 April, private borrowers have therefore had the option of deferring loans - anyone under financial difficulties as a result of the pandemic can defer payment to the respective bank. Dr Andreas Walter, lawyer and partner at Schalast & Partner and lecturer for banking law and civil law at the Frankfurt School of Finance & Management, explains the background in the video.
Watch the video here (in German).