Clifford Chance

Coronavirus: France to guarantee bank loans in response to Covid-19 pandemic (update)

25 March 2020

As SARS-CoV-2 virus (Covid-19 pandemic) spreads, France has announced several measures aimed at countering the economic repercussions of the epidemic.

Among such measures, a guarantee to be granted by the French state for new bank loans for a total amount of EUR 300 billion.  Such measures are state aid cleared under the EU Commission's revised framework (see linked article)

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