German government supports Siemens Energy with $8 bln guarantees.

The guarantees are part of a package totalling 15 billion euros agreed with private banks and other stakeholders and would also impose a pause on dividends and higher level bonuses at Siemens Energy, the economy ministry said in a statement.

Giving guarantees does not mean they will actually be needed. However, Siemens Energy (more precisely, the subsidiary Siemens Gamesa) have struggled before, so taxpayer money might be used to keep it alive.

Resolves YES if mainstream news (e.g. Reuters above) report that the German government has to actually back Siemens Energy. To my understanding, the government is the last one to pay, so only if more than 7 bln are needed, the government has to provide the cash.

Resolves NO in 2025.