Posted on 04/10/2020 9:35:43 AM PDT by Olog-hai
The French government could provide up to €20 billion in fresh capital to help companies hardest hit by the coronavirus outbreak, Finance Minister Bruno Le Maire said on Friday.
“We have decided to put €20 billion into a special (state) fund in order to be able to support all those companies which might need it,” Le Maire said on Europe 1 radio.
The funds will be included in a new budget plan due to be submitted to ministers next week. […]
“As regards Air France, we are ready, when the time comes… to intervene,” Le Maire said.
Separately, the head of automaker Renault, Jean-Dominique Senard, said his company would hope to get state-guaranteed bank loans worth €4 billion to €5 billion to help it through the crisis. …
(Excerpt) Read more at thelocal.fr ...
Probably will happen worldwide. Lots of government money being given out. Not sure this whole thing was worth it. No way to prove one way or the other.
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