This is an emerging trend that is beginning to cause concern.
“Many companies are struggling to repay their
PGE
(loan guaranteed by the State, Editor's note)
”,
notes Timothée Gagnepain, associate lawyer at McDermott Will & Emery.
A large number of these PGEs, created in 2020 to help companies get through the health crisis, are reimbursable from 2022. Until now, the public authorities wanted to be reassuring, indicating that very few beneficiaries (4.6% in July) would encounter reimbursement problems.
But the situation is changing.
Many companies do not have enough income to repay all their debts, which for traders also include rents due during the pandemic, overdue”,
notes Timothée Gagnepain.
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Others suffer in addition to the imbalance of the chains…
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