France prepares to nationalise in coronavirus war
Governments across Europe are scrambling to support businesses as the rapid spread of the coronavirus batters their economies. In France, the state is in discussion with its advisors about preparing to step in and take equity stakes in companies showing signs of stress, according to sources speaking to GlobalCapital.
The French government is likely not alone in preparing to step in and aid companies stricken by business interruption but it has a history of direct intervention as one of the most proactive equity investors among European governments.France has already turned to market measures to combat ...
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