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Germany, credit insurers agree in principle on guarantees - sources

MUNICH/BERLIN, April 1 (Reuters) - The German government and the nation's credit insurance industry have agreed on a plan to help the sector keep insuring trade despite economic hardship related to the coronavirus outbreak, people with knowledge of the plan said on Wednesday.

The plan foresees government guarantees of up to 30 billion euros ($32.8 billion) for the commercial credit insurance industry, the sources said.

($1 = 0.9155 euros) (Reporting by Alexander Huebner and Christian Kraemer; writing by Tom Sims; editing by Thomas Seythal)