Wednesday, 20 October, 2021

Coronavirus: the executive brings the economic emergency plan to 45 billion euros


The Minister of the Economy, Bruno Le Maire, announced this Tuesday morning that all the measures put on the table to counter the effects of the coronavirus represent a total of 45 billion euros. The executive now anticipates a severe recession in 2020, of the order of -1%.

It will be even more massive than expected. The measures put in place by the executive to help companies and workers cushion the economic shock caused by the coronavirus crisis should represent 45 billion euros, Bruno Le Maire announced on Tuesday. “War is also economic and financial, and it must mobilize all our forces”, explained on RTL the Minister of the Economy and Finance, echoing the “We are at war”hammered Monday by Emmanuel Macron.

This amount has been constantly revised upwards in recent days. The planned envelope represented a range of 15 to 30 billion euros at the end of last week, before the government expects 30 to 40 billion during the last weekend. The decision to impose confinement on the French therefore inflated the sums necessary to respond to this shock a little more. Alongside these 45 billion euros, the government also plans to put on the table 300 billion euros, which is the amount guaranteed by the public authorities for all the loans that companies will request from their banks to pass the crisis. Not to mention that Bercy does not rule out nationalizations. ” All means” available will be used “To protect large French companies”, insisted Bruno Le Maire, including equity investments and even “Nationalization if necessary”, he added.

The Minister of the Economy, Bruno Le Maire, announced this Tuesday morning that all the measures put on the table to counter the effects of the coronavirus represent a total of 45 billion euros. The executive now anticipates a severe recession in 2020, of the order of -1%.

It will be even more massive than expected. The measures put in place by the executive to help companies and workers cushion the economic shock caused by the coronavirus crisis should represent 45 billion euros, Bruno Le Maire announced on Tuesday. “War is also economic and financial, and it must mobilize all our forces”, explained on RTL the Minister of the Economy and Finance, echoing the “We are at war”hammered Monday by Emmanuel Macron.

This amount has been constantly revised upwards in recent days. The planned envelope represented a range of 15 to 30 billion euros at the end of last week, before the government expects 30 to 40 billion during the last weekend. The decision to impose confinement on the French therefore inflated the sums necessary to respond to this shock a little more. Alongside these 45 billion euros, the government also plans to put on the table 300 billion euros, which is the amount guaranteed by the public authorities for all the loans that companies will request from their banks to pass the crisis. Not to mention that Bercy does not rule out nationalizations. ” All means” available will be used “To protect large French companies”, insisted Bruno Le Maire, including equity investments and even “Nationalization if necessary”, he added.