PARIS, April 10 — The French government could provide up to €20 billion in fresh capital to help companies hardest hit by the coronavirus outbreak, Finance Minister Bruno Le Maire said today. “We have decided to put €20 billion into a special (state) fund in order to be able to support all...
This file photo taken on March 24, 2020 shows grounded Air France airplanes at the Roissy-Charles de Gaulle airport in Roissy-en-France, north of Paris, on the eight day of a lockdown aimed at curbing the spread of the Covid-19 virus in France. — AFP pic
PARIS, April 10 — The French government could provide up to €20 billion in fresh capital to help companies hardest hit by the coronavirus outbreak, Finance Minister Bruno Le Maire said today. “We have decided to put €20 billion into a special fund in order to be able to support all those companies which might need it,” Le Maire said on Europe 1 radio.France, like all its peers, is struggling to limit the damage to its economy caused by a strict coronavirus lockdown which is likely to be extended by at least two weeks to the end of April.
“We are working on ideas for bank loans which will be guaranteed by the state and which, one day or another, would be repaid, that is we would not weigh on the state’s finances,” Senard told RTL radio.Asked about the amount of four to five billion euros , Senard said any loans were likely to be around that size but stressed it was too early to talk numbers.
Senard also ruled out any prospect of renationalising Renault, in which the French government holds a 15 per cent stake. — AFP
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