France Pledges $50 Billion in Aid for Businesses as Country Goes Under Lockdown

Joseph B. Hash

PARIS—France is promising €45 billion euros ($50.16 billion) in quick aid for organizations and personnel impacted by the coronavirus pandemic, which is slowing or shutting down swaths of the international economic system. French Finance Minister Bruno Le Maire, speaking Tuesday morning in a radio interview, mentioned that his provisional predictions […]

PARIS—France is promising €45 billion euros ($50.16 billion) in quick aid for organizations and personnel impacted by the coronavirus pandemic, which is slowing or shutting down swaths of the international economic system.

French Finance Minister Bruno Le Maire, speaking Tuesday morning in a radio interview, mentioned that his provisional predictions exhibit the response to the coronavirus will slash 1% from France’s gross domestic merchandise in 2020. The authorities designs to existing a revised price range law for 2020 with the new prediction afterwards Tuesday,…

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