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Coronavirus: the economy rescue plan is well operational

2020-04-03T18:21:27.900Z


The government has implemented emergency measures to avoid mass layoffs of workers and the collapse of corporate bankruptcies.


From his first intervention on March 12, Emmanuel Macron had announced the color. France would not leave anyone by the side of the road because of the coronavirus falling on France - more widely in the world - which would force the public authorities to close businesses and confine the population. According to the Head of State, not an employee would be dismissed, not a company would go bankrupt, not a self-employed person would shut down. The Republic would come to the aid of everyone, "whatever the cost" .

Read also: Does a month of confinement really cost 3% of France's annual GDP?

In the process, each minister presented his part of this unprecedented economic rescue plan. Bruno Le Maire very quickly released an envelope of 300 billion euros in public guarantees for the bank loans that the entrepreneurs were going to ask for and set up a system for deferring rents or energy bills of the most in difficulty ... "We don't we set no limits, neither financial nor ideological, to avoid the collapse of the economy ”

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Source: lefigaro

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