Coronavirus: France to guarantee bank loans in response to Covid-19 pandemic - "Prêts Garantis Par L'etat" (PGE) Scheme In Detail
27 April 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 (see previous Client Briefing). Such measures are state aid cleared under the EU Commission's revised framework (see linked article).
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