France has earmarked 20 billion euros for corporate bailouts

0
128


a man wearing a suit and tie smiling at the camera: FILE PHOTO: French Finance Minister Bruno Le Maire and Dutch Finance Minister Wopke Hoekstra attend a joint news conference at the Bercy Finance Ministry in Paris


© Reuters/Gonzalo Fuentes
FILE PHOTO: French Finance Minister Bruno Le Maire and Dutch Finance Minister Wopke Hoekstra attend a joint news conference at the Bercy Finance Ministry in Paris

PARIS (Reuters) – The French government has set aside 20 billion euros ($21.7 billion) to help big companies that need their capital base shored up by the state, Finance Minister Bruno Le Maire said on Friday.

“We’ve decided to put credit on the fund, to put 20 billion euros on the special fund to support to the capital of companies that need it, whether public or private,” Le Maire said on Europe 1 radio.

(Reporting by Leigh Thomas. Editing by Jane Merriman)

2020-04-10 00:02:00

Read more from source here…