France Builds 20-Billion-Euro Fund to Help Recapitalize Big Companies

France Builds 20-Billion-Euro Fund to Help Recapitalize Big Companies
Air France aircraft are seen on the tarmac at Paris Charles de Gaulle airport in Roissy-en-France on March 24, 2020. Charles Platiau/File Photo/Reuters
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The French government has set aside 20 billion euros ($21.7 billion) to help inject capital into big companies struggling to survive the CCP virus crisis, Finance Minister Bruno Le Maire said on April 10.

Le Maire has repeatedly pledged to help France’s corporate champions get through the CCP (Chinese Communist Party) virus crisis by taking stakes in them or even going as far as nationalization if necessary.