FILE PHOTO: French Finance Minister Bruno Le Maire looks on during a meeting with his Greek counterpart Christos Staikouras (not pictured) at the Finance Ministry in Athens, Greece, February 25, 2020. REUTERS/Costas Baltas/File Photo
PARIS (Reuters) - France will mobilise 45 billion euros (40.98 billion pounds) in crisis measures to help its companies, with the economy expected to contract 1% this year due to the coronavirus outbreak, Finance Minister Bruno Le Maire said on Tuesday.
Le Maire said a large part of the 45 billion euro figure was the deferral of all tax payments and payroll charges that companies were due to pay this month and the cancellation of such payments for firms at risk of collapse.
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