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Bertille Bayart: "State aid, survival comes before employment"

2020-05-12T19:15:29.073Z


CHRONICLE - The setting in hood of the economy created a kind of oven, under which the Darwinian and Schumpeterian phenomena, far from having been suspended, accelerate.


It is like a Sunday dish with an ingredient missing this time. A symphony heard a thousand times but which would be played with one less instrument. A poem recited from childhood from which one would have skipped a line… In France, we know by heart the rhetoric of State aid to companies, the choreography of exchanges between ministers and bosses in times of crisis, which leads the latter to take commitments before the former, who of course, will have obtained them by hard struggle and by force of political will.

But this time there is something a little different. Take the example of Air France, which benefited from a state-guaranteed bank credit of 4 billion and a public loan of 3 billion. The Minister of the Economy, Bruno Le Maire, warned: "the State does not make a blank check" . So far, no surprise. The government demands that the company, which is properly described as a “national flagship” in jeopardy, restore its profitability

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Source: lefigaro

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