Doctrine of the wise investor, remedies against distortions of competition, proportionality of the measures… France knows by heart the breviary of State aid, to have a long history in this field and a rich experience of Brussels procedures.
This time, however, the Hexagon is neither a special case, nor a champion of public aid. The economic crisis, provoked by the epidemic and containment measures, justifies a cocktail of measures everywhere. Initially, the French government favored general support for employment and the cash flow of businesses: coverage of short-time working and state guaranteed loans (PGE). In mid-May, nearly 387,000 companies benefited from a PGE, for an overall volume of loans granted of 65.8 billion euros.
Read also: The perverse effects of the "very generous" French partial unemployment
As time goes by, these cash flow systems gradually turn into direct support. This was already the case with payments to entrepreneurs from the solidarity fund.
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