Friday, July 24, 2020

Corona Story

This is both an economics story and a Corona issue 'drama'.

The basic ban rules which are in effect....allow pubs and restaurants to open, but with rules on the number of guests and the seating arrangement.  The music clubs, discos, and 'event-venues'?  Screwed.

HR (local public TV in Hessen) points out a letter that went to the state government.....literally begging to do something because of the financial impact that the clubs are undergoing.

The chief club brought up....Batschkapp.  Over on the far east side of Frankfurt, this is an event-venue, which used to take in a thousand customers easily on Friday and Saturday evening.

If nothing changes in the next month or two?  I would offer the analysis that the majority of clubs/discos in the entire region will go and start planning the permanent closure.  At that point.....preparation of bankruptcy paperwork will start.

It's one of those segments of the economy that was mostly hidden from view and no one ever said much.   

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