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Bruno Le Maire: "80 billion euros in subsidies, 160 billion euros in loans, that's the bill for" whatever the cost ""

2021-08-30T07:40:14.869Z


The Minister of the Economy said he was optimistic about the evolution of the French economic situation, a few hours before his meeting with representatives of sectors supported by the State.


A return to school under the sign of optimism.

Invited this Monday at the microphone of France Inter, the Minister of the Economy Bruno Le Maire highlighted the figures of an economy which is "

on the right track

": the unemployment rate remains almost stable at 8% in the second quarter , while growth should return to its pre-crisis level by the end of 2021.

To read alsoHave we really finished with "whatever the cost"?

But at what cost ?

The Minister of the Economy announced, last week to the employers, the end of “

whatever the cost

” which has been authoritative in the management of the health crisis on the economic level.

At the time of the assessment - and the battle of the figures - Bruno Le Maire announced the estimates of the ministry.

"

80 billion euros of subsidies

", in the form of short-time working, exemptions from charges, and solidarity funds and "

160 billion euros of loans

", "

it is the bill of 'whatever' it costs'

”, indicated the minister.

Case-by-case

” system

This Monday, Bruno Le Maire will be surrounded by Elisabeth Borne, Minister of Labor of Jean-Baptiste Djebbari, the Minister Delegate in charge of Transport, or Alain Griset, the Minister Delegate in charge of SMEs to discuss with the sectors still affected by the aid of the State in order to discuss the support to come.

The sectors of hotels, cafes, catering, as well as discos, or tourism are particularly concerned.

I would like to remind the sectors concerned that since March 2020, I have received them almost every week.

We have constantly evolved the aid

system, ”said Bruno Le Maire.

To read also In front of the bosses, Bruno Le Maire declares that "whatever the cost, it's over"

But the minister now wants to take "

growth

" into

account

in this package of aid and offer support systems "

on a case-by-case basis

": "

it's much more difficult to implement, but it's fairer

" , insisted Bruno Le Maire. The objective is therefore to better target companies that have not been able to benefit from the economic rebound observed so far. Because if household spending by bank card from August 23 to 29 increased by 12% compared to the same period last year, he is aware that significant geographical disparities are observed between tourist areas and those, such as the Paris region, which were deserted this summer. Long debated, "

the health pass has not slowed down consumption, growth or investment in France

”, however, estimated the Minister, at a time when this obligation is extended to employees in places open to the public.

Source: lefigaro

All news articles on 2021-08-30

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