Covid: the mechanism of loans guaranteed by the State extended and extended

Posted on Apr 22, 2021, 6:23 PMUpdated on Apr 22, 2021, 6:49 PM

Another little respite. Bruno Le Maire, the Minister of the Economy and Finance, announced on Thursday the extension of the EMP system until the end of the year. In accordance with the European framework, companies will therefore still be able to subscribe until December 31 with their bank, this loan guaranteed at 90% by the State. Since the start of the crisis, more than 675,000 companies have benefited from this aid for a total amount of 137 billion euros.

There is a consensus on the need to maintain “The possibility of subscribing to an EMP, declared Bruno Le Maire after a meeting with the Minister of Labor, Elisabeth Borne, and the social partners on the development of aid during the end of the crisis. Initially, this device was to end on June 30. But faced with the persistence of the crisis, many voices demanded an extension of the schedule.

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