France builds 20 billion euro fund to help recapitalise 'national champions'

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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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Well, that should be of great help to average and low income people...! What a relief...!!! 😎

Wicked world... 🤔..Wicked leaders Why are you seeking corporate bailouts? When individuals and families are suffering. When are we going to have people's bailout of COVIDー19 and hungerstrike and lockdown and unemployment ? They don't really care about us (M.J. Songs🎹)

Corporate Welfare is a waste of money at this point in time.

Time to remind ourselves that the current President of France paid a fine of tens of thousands of euros to ditch his public adminstration job and join Goldman Sachs. What else to expect from Macron

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