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France Unleashes EUR100bn Stimulus To Revive Economy (RTRS)

FRANCE
  • The French government detailed on Thursday its 100 billion euro (88.75 billion pounds) stimulus plan to erase the economic impact of the coronavirus crisis over two years, lining up billions of euros in public investments, subsidies and tax cuts.
  • The plan earmarks in particular 35 billion euros for making the euro zone's second biggest economy more competitive, 30 billion for more environmentally friendly energies and 25 billion for supporting jobs, officials said ahead of its official presentation late on Thursday.
  • With the plan equating to 4% of gross domestic product, France is ploughing more public cash into its economy than any other big European country as a percentage of GDP, one of the officials said.
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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