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Bercy wants to further spread the reimbursement of EMPs

2021-01-27T17:02:00.227Z


The Minister of the Economy also wishes to submit to Brussels the possibility of transforming certain EMPs into “subsidies” “on a case-by-case basis”.


The government is open to a greater spreading of the repayment of State guaranteed loans (PGE) for companies particularly affected by the crisis, and even to transform them "

on a case-by-case

" basis into a subsidy, the minister announced on Wednesday. Economy Bruno Le Maire.

Read also: To avoid bankruptcy, Bercy and professionals in the sector urge SMEs to go to court

Companies that have taken out an EMP can spread its amortization over a period of five years, knowing that no repayment is now required for two years.

An upcoming discussion with the European Commission

In the event of postponement of the start of repayment "

this reinforces the weight of the maturities

", which are calculated over a shorter period, and "

I am ready to look for certain sectors which continue to be the most affected by the crisis, and for which the loan amounts are the largest, if a longer schedule would be possible,

”said Bruno Le Maire before the Senate Finance Committee.

"

I will initiate discussions with the European Commission to study, in certain specific sectors, whether this spread is possible

", added the Minister.

Brussels must indeed give the green light to a device consisting of state aid.

The minister notably cited the aeronautics sector, whose prospects of returning to normal activity remain remote.

"

Everyone can see that the persistence of the health crisis (...) further pushes the return to normalcy of air traffic

", he argued.

"

It therefore seems legitimate to me to take account of this health reality in order to study with the European Commission, in the aeronautics sector, for the subcontractors who are the most threatened, a longer spread of the EMP

", he added. .

In addition, he also wishes to submit to Brussels the possibility of transforming

certain EMPs

"

on a case-by-case basis

" into "

subsidies

", again for the companies in greatest difficulty.

Source: lefigaro

All business articles on 2021-01-27

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