France has earmarked 20 billion euros for corporate bailouts: finance minister

FAN Editor
FILE PHOTO: French Finance Minister Le Maire gives New Year's address to economic actors
FILE PHOTO: French Finance Minister Bruno Le Maire speaks during his New Year address to France’s economic actors and the press at the Bercy Finance Ministry in Paris, France, January 7, 2020. REUTERS/Charles Platiau/File Photo

April 10, 2020

PARIS (Reuters) – The French government has set aside 20 billion euros ($21.7 billion) to help big companies that need their capital base shored up by the state, Finance Minister Bruno Le Maire said on Friday.

“We’ve decided to put credit on the fund, to put 20 billion euros on the special fund to support to the capital of companies that need it, whether public or private,” Le Maire said on Europe 1 radio.

(Reporting by Leigh Thomas. Editing by Jane Merriman)

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