Collapsing markets prepared for nationalisation wave
European governments are scrambling to combat the impact of the coronavirus pandemic on their populations and their economies. Although much of the intervention has been through fiscal policy and debt markets, countries are investigating taking companies back into public ownership to prop them up.
GlobalCapital broke the news on Wednesday that France is already taking meetings with bank advisors about companies that may need to undertake rights issues to support their balance sheets. Other governments are expected to follow suit.The coronavirus pandameic is transforming the global economy and financial markets and ...
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