France promises 1 billion euros for curfew-hit companies


  • World
  • Thursday, 15 Oct 2020

FILE PHOTO: French Prime Minister Jean Castex speaks during a news conference to present his government's economic recovery plan from the Covid-19 pandemic, in Paris, France September 3, 2020. Ludovic Marin/Pool via REUTERS

PARIS (Reuters) - Finance Minister Bruno Le Maire promised 1 billion euros ($1.17 billion) of additional support to help French companies cushion the impact of a nightly curfew in Paris and eight other big cities where the coronavirus is running rampant.

Le Maire also said that companies in the beleaguered hospitality industry would be exempt from social charges if their revenues crashed by more than 50% as a result of the curfews.

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