In Brussels
To finance its recovery plan, the French government is counting on European funds.
For what amount and when?
The answer is not that simple.
In mid-April, when Europe was almost completely contained, finance ministers adopted an emergency package of 540 billion euros.
An envelope made up of three "pillars", the first of which is based on the activation of the euro zone rescue fund, the European Stability Mechanism, to the tune of 240 billion.
Each country can apply for a loan representing 2% of its annual GDP.
The second pillar is the establishment of the temporary SURE mechanism, dedicated to supporting partial unemployment measures in the Member States, thanks to 100 billion loans.
In fact, France will not have recourse to either of these two options, "
since the cost of financing on the Commission's markets is currently slightly higher.
“To the one enjoyed by Paris, explains Bercy.
As for the third pillar, it
This article is for subscribers only.
You have 66% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
Enter your email
Already subscribed?
Log in