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Reconfinement: a new shock for public finances already severely degraded

2020-10-27T17:48:04.105Z


The cost to the economy of the spring containment was 2 billion euros per day.A new confinement? Bruno Le Maire can measure the consequences. " If we had a general reconfinement, the cost would be, depending on the reaction of the economic world, from 15 to 20 billion euros per month" , indicated the Minister of the Economy, a few days ago on BFMTV. Localized reconfigurations would weigh, for their part, 5 billion euros, while the curfew measures cost 1 billion. Figures to


A new confinement?

Bruno Le Maire can measure the consequences.

"

If we had a general reconfinement, the cost would be, depending on the reaction of the economic world, from 15 to 20 billion euros per month"

, indicated the Minister of the Economy, a few days ago on BFMTV.

Localized reconfigurations would weigh, for their part, 5 billion euros, while the curfew measures cost 1 billion.

Figures to be taken with a grain of salt as it is difficult to anticipate the behavior of entrepreneurs and individuals in the face of these new difficulties.

Their order of magnitude nevertheless indicates that the government - or at least Bercy - does not want to inflict on the country's economy such a radical potion as in April.

The cost to the economy of the spring containment was indeed much higher than these estimates, 2 billion euros per day, or 60 billion per month.

Bruno Le Maire probably sees a confinement where the majority of workers would continue

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Source: lefigaro

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