The measures announced by the French government to deal with the economic crisis caused by the coronavirus will cost "tens of billions of euros", Bruno Le Maire and Muriel Pénicaud said on Friday. "We will do all that is necessary and even more," said the Minister of Economy on BFMTV and RMC, the day after President Emmanuel Macron's television address.
According to Bruno Le Maire, "what would cost the most is the collapse of this fabric of businesses - SMEs, craftsmen, traders - who would be abandoned or left to their own devices during this economic crisis".
"No employee will lose a cent," says the minister. Bruno Le Maire notably certified that “measures will be taken for all single women who look after their children. The host from Bercy clarified that the state would take care of "the full compensation of employees" on short-time working.
From the budget of the Ministry of Labor
Same story, Friday morning, on Franceinfo which received Muriel Pénicaud. "So far, the state only reimbursed up to the minimum wage," said the Minister of Labor. There, we will reimburse all amounts. 100% of partial unemployment, we will take it into account in the budget of the Ministry of Labor. "
Economic measures: "It's going to cost tens of billions of euros", confirms Muriel Penicaud, Minister of Labor pic.twitter.com/S3YObYE1oG
- franceinfo (@franceinfo) March 13, 2020An "exceptional and massive mechanism of partial unemployment will be implemented", Emmanuel Macron announced on Thursday evening. "Whatever the cost, we will face," said Muriel Pénicaud, announcing that Thursday evening, 5,117 companies had asked to benefit from partial unemployment for a total of 80,000 employees and a cost of 242 million euros. "But it will go far beyond, obviously. "
The Minister of Labor recalled that this partial activity can concern businesses as much as craftsmen, apprentices, as well as associations: "apprentices can be in partial activity, do not break the contracts of apprentices" and "associations have law like businesses ”.