German SPD says open to state aid for Schaeffler

Newswire

BERLIN, Feb 16 (Reuters) - Germany's Social Democrats (SPD) are open in principle to providing ball-bearing maker Schaeffler with state aid, SPD chairman Franz Muentefering said on Monday.

"Situations can arise in which you need to help many, many families in order to prevent a catastrophe," Muentefering told reporters in Berlin. "Then you need to do it."

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