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Clifford Chance

Clifford Chance


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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