Thursday, 20 January, 2022

Covid: the executive stays the course of its recovery plan despite the American accelerator


The government considers that its stimulus plan of 100 billion euros remains well dimensioned, rejecting the comparison with the massive plan (9% of the GDP) of Joe Biden. Bercy will reallocate resources to give 1 billion euros more to the industry component. This would have already enabled 65 relocation projects.

Bruno Le Maire, Minister of the Economy, and Agnès Pannier-Runacher, Minister for Industry, defend the current amount of the recovery plan.

One hundred billion euros, is that really “crazy money”? While the end of the economic crisis is still a vague point on the horizon, the executive in any case does not intend for the moment to amend the strategy developed last September and respond to calls to strengthen the plan a little more. stimulus.

The national follow-up committee for the recovery plan held on Monday in Matignon thus reaffirmed the objective of spending 100 billion euros between 2020 and 2022, in accordance with what had been announced before the new pandemic wave. “We consider that these 100 billion still correspond to the needs of our economy. They represent 4 points of GDP, roughly the expected differential between the end of 2019 and the end of 2021, so this would allow us to overcome the big air gap that we are going through ”, assures a government source.

The government considers that its stimulus plan of 100 billion euros remains well dimensioned, rejecting the comparison with the massive plan (9% of the GDP) of Joe Biden. Bercy will reallocate resources to give 1 billion euros more to the industry component. This would have already enabled 65 relocation projects.

Bruno Le Maire, Minister of the Economy, and Agnès Pannier-Runacher, Minister for Industry, defend the current amount of the recovery plan.

One hundred billion euros, is that really “crazy money”? While the end of the economic crisis is still a vague point on the horizon, the executive in any case does not intend for the moment to amend the strategy developed last September and respond to calls to strengthen the plan a little more. stimulus.

The national follow-up committee for the recovery plan held on Monday in Matignon thus reaffirmed the objective of spending 100 billion euros between 2020 and 2022, in accordance with what had been announced before the new pandemic wave. “We consider that these 100 billion still correspond to the needs of our economy. They represent 4 points of GDP, roughly the expected differential between the end of 2019 and the end of 2021, so this would allow us to overcome the big air gap that we are going through ”, assures a government source.