This is the other pillar of crisis management.
While the solidarity fund supports with billions of euros, each month, companies affected by the measures taken to stem the health crisis (curfews and confinements), bank loans guaranteed by the State (PGE) take they too are growing.
As of January 22, 132 billion euros of these loans have been granted by banks to more than 600,000 structures which are, essentially, very small companies.
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State-guaranteed loans, a time bomb for the taxpayer?
And, if Bercy is confident in the fact that a very large majority of companies will be able to repay these EMPs on time, some may encounter great difficulties in honoring their debts in the face of an endless health crisis.
Between 4.5% and 6% of these loans may not be honored, according to a latest estimate from the Banque de France.
However,
"if there are companies which are in very great difficulty even though they would have somewhat
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