Health Press comment: 'Frankfurter Rundschau' to Aus for voucher solutions...

Press comment: ‘Frankfurter Rundschau’ to Aus for voucher solutions for travel ()

FRANKFURT (dpa-AFX) – “Frankfurter Rundschau” on off for voucher solutions for travel “:

“The corona crisis exposes misconstructions in the world of business.

A practice that is highly questionable has become established in the travel industry: down payments and advance payments for flights or hotel accommodation. This is nothing more than interest-free loans for the companies. Loans are the business of banks. The financial institutions are obliged to pay into security systems. If a bank goes bankrupt, the deposit insurance system steps in. In tourism, on the other hand, there are only rudimentary security systems for customers’ money. Politicians have deliberately ignored this. And now we have the disaster. The pre-payment system collapsed due to the Corona crisis. First, the federal government tried to save the collapse by expanding loans, at the expense of customers with vouchers. Fortunately, the EU doesn’t play along. Now a government rescue fund is needed to prevent massive bankruptcies. “/ Yyzz / DP / nas

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