Ahead of its official presentation late Thursday, French government officials said they are likely to roll out a EUR100 billion ($118.3 billion) stimulus plan to erase the economic impact of the coronavirus crisis over two years, per Reuters.
Additional details
French recovery plan earmarks 35 bln euros for making economy more competitive.
French recovery plan includes 30 bln euros for climate transition, 25 bln for supporting jobs and training.
French recovery plan sets aside 11 bln euros for transport investment, including 4.7 bln in support for rail sector.
French recovery plan earmarks 4 bln euros for renovation of public buildings, 2 bln for homes.
French recovery plan foresees 2 bln euro investment in hydrogen over two years.
French recovery plan to add 80 bln euros to public deficit, with 30-40% budgeted in 2021 and 40 bln offset by the EU funds.
more to come …
Share
