France to mobilise $71 billion to help companies as economy contracts amid coronavirus fallout

PARIS - France will mobilise €45 billion in crisis measures to help its companies, with the economy expected to contract 1 per cent this year due to the coronavirus outbreak, Finance Minister Bruno Le Maire said on Tuesday .

"We are going to mobilise €45 billion as our first immediate economic assistance to companies," he told French RTL radio."We don't want bankruptcies."

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