Impact of the coronavirus crisis on France

Covid-19With the aim of supporting the companies and banks, the French government is providing a reinsurance guarantee of 10 billion EUR (10.97 billion USD) in order to cover outstanding credit insurance. In addition, a reinsurance of 2 billion EUR (2.19 billion USD) shall be allocated to cover export credits.

The impact of the coronavirus pandemic on public finances shall be heavy with a deficit of 3.9% of GDP and a debt that is believed to exceed 100% of 2020's GDP.

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