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Crisis Measures Cost France 450 Billion Euros

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The French government’s measures to steer the economy through the corona crisis have cost 450 billion euros.

 

That equates to 20 percent of gross domestic product (GDP). That’s what the French finance minister Bruno le Maire said.

The government has taken various measures since mid-March. These include publicly subsidized periods of leave, state-guaranteed loans, deferral of taxes and aid to small businesses.

“If we add everything together, a package of measures worth 450 billion euros is on the table,” said Le Maire on BFM TV.

According to Le Maire, measures are also currently underway to support the car industry.

President Emmanuel Macron comes with a reliable package for this, according to the minister.

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