France prepares to nationalise in coronavirus war

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France prepares to nationalise in coronavirus war

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Minister of Economy and Finance Bruno Le Maire leaving the Elysee Presidential Palace after a weekly cabinet meeting on March 4, 2020 in Paris, France. Photo by Christian Liewig/ABACAPRESS.COM | Liewig Christian/ABACA/ABACA/PA Images

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.

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