France has earmarked 20 billion euros for corporate bailouts: finance minister
Le Maire has repeatedly pledged to help France’s corporate champions get through the coronavirus crisis by taking stakes in them or even going as far as nationalisation if necessary.
The funds are earmarked in a package of crisis measures that Le Maire more than doubled on Thursday to 100 billion euros and which is set to go to parliament next Wednesday for approval. “As regards Air France, we are ready for when the time comes, without a doubt soon, to support Air France and make sure that this French industrial champion ... recovers quickly,” Le Maire said.
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