EU firms hit by coronavirus can get loans of up to 5% of turnover - source

BRUSSELS (Reuters) - Companies in the European Union hit by the coronavirus will be able to ask for a government loan of up to 5% of their 2019 turnover under a measure proposed by the European Commission, a person familiar with the matter said on Sunday.Several EU countries had asked for such a measure, other sources with direct knowledge of the matter told Reuters on Saturday, declining to provide details.The size of the loan could also be up to 40% of the beneficiary's annual wage bill, the..