“
I have no fears
”.
Bruno Le Maire assures that the bankruptcy of the British company Greensill, which specializes in short-term financing for companies, will have no repercussions on French soil.
Notably for Ascoval and Hayange, whose new owner, Liberty Steel, is one of the clients of this British company.
“
All employees must know that the State will be behind them.
The State will be behind these industrial sites
, ”insisted the Minister of the Economy, on the set of France 2 on Tuesday.
Read also: Threat of cascading insolvencies after Greensill's bankruptcy
Greensill had made loans to steel tycoon Sanjeev Gupta's GFG Alliance group.
The latter is one of Greensill's major clients and could pay the price for its bankruptcy, with thousands of jobs at risk and a possible sale of its assets, including Ascoval, according to the British press.
“
If there is a financial difficulty, the State will be able to bridge the gap and find alternative solutions.
I will not let down the employees I have supported since 2017,
”however assured Bruno Le Maire.
A three-step strategy
The Minister of the Economy also reaffirmed his intention to continue to support companies in difficulty by the health crisis.
After having ensured "
the protection of all French people and the most affected companies
", the second stage will be "
the revival
" which will have to be "
accelerated, these are the jobs of tomorrow
".
Read also: Relaunch: The Mayor defends the caliber of the French plan
The third stage will be "the stage
where we begin to remove the devices."
We will do it when it is possible for companies and we will do it in a differentiated way and gradually.
We will not do anything suddenly and suddenly.
We are not going to lose the benefit of what we have achieved for over a year!
», Explained Bruno Le Maire.
"
Our public finances allow us, but we will have to restore these public finances to rebuild the financial capacities to cope if this situation recurs in 15 years,
" he warned.
The Minister of the Economy was once again very positive about the rebound capacity of the French economy.
“
The French economy has the capacity to rebound and it will surprise the rest of Europe by the end of the year.
As soon as the health measures are lifted, the French economy will regain its colors very quickly,
”he said.
