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The European Commission has approved three French state aid schemes to support the economy in the context of the coronavirus outbreak. Two schemes enable the public investment bank Bpifrance to provide state guarantees on commercial loans and credit lines, respectively, for enterprises with up to 5,000 employees. Another scheme provides state guarantees to banks on portfolios of new loans for all types of companies. This is direct aid to the companies that will enable banks to quickly provide liquidity to any company that needs it.
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For more information, please contact Paul de Beer or Oana Ciuca or Sjaak van der Velden, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org.
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