French crisis measures have cost 450 bln euros, finance minister says

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French crisis measures have cost 450 bln euros,...
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French government measures to prop up the economy through the coronavirus crisis have cost 450 billion euros ($490 billion), the equivalent of 20% of gross domestic product, the finance minister said on Monday.

Since mid March, the government has implemented a package of measures, including state-subsidised furloughs, state-guaranteed loans, tax deferrals and handouts to small businesses.

“If we take everything that has been done with the budget and in support of businesses’ cashflows, it’s 450 billion euros, 20% of the...


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French crisis measures have cost 450 bln euros, finance minister says


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Article Tags: french, crisis, measures, euros, finance, minister,