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"No vaccine to save businesses!"


CHRONICLE - This week, in Jacques-Olivier Martin's notepad: how to treat sick companies, the tightrope walker, and the necessary sovereignty.

If there was a Jérôme Salomon of the companies victims of the Covid, the French would have every reason to tremble. The epidemic of bankruptcy and social plans is sweeping the country and will destroy businesses by the thousands and jobs by the millions. Everything opposes health and economy in the fight against the coronavirus: on the one hand, containment saves lives, on the other it destroys societies.

Those who are less familiar with economic mechanisms will learn a lot about the sequences that lead the most vulnerable to dismiss and the most affected to file for bankruptcy and disappear. Upon awakening after confinement, companies are left with a little more debt, less equity, less expenses to pay and less revenue ... Squaring the circle!

Do not expect a miracle cure, however. There is no vaccine capable of protecting them against crises. Only the dry regime (reduction of posts and expenses), amputations (closings of

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Source: lefigaro

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