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Businesses: was state aid sufficient in France during the crisis?


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FRANCEINFO

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The state has released aid for companies to cope with the crisis during the Covid-19 pandemic. Was this device effective enough? The question is debated in the 23 hours of Franceinfo Tuesday, May 18 between Christophe Ramaux, member of the Terrified Economists, and Etienne Lefebvre, editor-in-chief at Les Echos.

The health crisis had a direct and very negative impact on economic activity in France. The State has put in place certain aid for businesses. Member of the appalled Economists, Christophe Ramaux explains that “compared to other countries, we haven’t necessarily done a lot”. “In France, companies will bear around 22% of the overall cost of the crisis. It is colossal, more than a fifth, while in Germany it is 0%. say that the aid was much more important “, he says.

Many shops and other restaurants will resume their activity on Wednesday 19 May. For Etienne Lefebvre, editor-in-chief at Les Echos, this period will be a “complex test for the government. It is almost easier when it is closed in reality since we provide aid, we compensate for the fixed costs, we try to calibrate. There, we will have to adapt the aid to the reopening and we will have to be both an incentive to resume activity and then not cut off the tap too abruptly. “



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