France to mobilise 45 billion euros to fight coronavirus impact

French Finance Minister Bruno Le Maire looks on during a meeting with his Greek counterpart Christos Staikouras (not pictured) at the Finance Ministry in Athens
FILE PHOTO: French Finance Minister Bruno Le Maire looks on during a meeting with his Greek counterpart Christos Staikouras (not pictured) at the Finance Ministry in Athens, Greece, February 25, 2020. REUTERS/Costas Baltas/File Photo

France will mobilise 45 billion euros (40.98 billion pounds) in crisis measures for its companies with the economy expected to contract 1% this year due to the coronavirus outbreak, Finance Minister Bruno Le Maire said on Tuesday.

“We don’t want bankruptcies,” Le Maire told French RTL radio

On Monday, French President Emmanuel Macron said the government would guarantee 300 billion euros ($335 billion)worth of loans to help businesses get through the coronavirus crisis.

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