AMN
France’s Finance Minister Bruno Le Maire has said that he was willing to nationalize large companies to protect them from bankruptcy while warning that the country faces recession this year as the Coronavirus epidemic sinks the economy. He announced a 45 billion euro (USD 50 billion) aid package to help businesses and employees cope with the escalating health crisis.
During a conference call with journalists, he said that he would not hesitate to use any means at his disposal to protect large French enterprises. He said, this could be through capital injections or stake purchases. The Minister said, he can even use the term nationalization if necessary.