French government measures cost € 450 billion

This amount was used to try to keep the country's economy sustainable due to the coronavirus pandemic and is equivalent to 20% of the Gallic Gross Domestic Product (GDP).

The French government's measures to keep the country's economy sustainable due to the coronavirus crisis cost 450 billion euros.

The information is given by French Finance Minister Bruno Le Maire, reports the agency “Reuters” this Monday, May 25, citing “BFM TV”.

Since mid-March, the Gallic government has implemented a package of measures, such as state-subsidized licenses, loans guaranteed by the state or the postponement of taxes. This amount spent by the Executive of Emmanuel Macron is equivalent to 20% of the country's Gross Domestic Product (GDP).

Bruno Le Maire revealed that President Emmanuel Macron will announce “strong measures” to support construction companies, the latest industry to obtain a specific sector plan to help their recovery.

Recommended

Jerónimo de Sousa calls for real country development program

The secretary general of the PCP, Jerónimo de Sousa, considered today that Portugal needs to start a real development program that does not forget the lessons of the pandemic, even though it does not explain all the country's problems.

PremiumPedro Marques: "Europe cannot wait for another crisis to conclude the Banking Union"

PS MEP wants European guarantee for deposits and greater risk sharing. He says that the sale of Popular, through the MUR, was “a success” and proof that it is possible to resolve banks “at no cost to taxpayers”.

PremiumEconomists launch manifesto advocating reindustrialization

Mira Amaral, Abel Mateus and Clemente Pedro Nunes face, at SEDES, a manifesto that defends the country's reindustrialization for the production of tradable goods and against the hydrogen strategy.
Comments