France delays launch of $118 bn Covid-19 economic reboot plan to September

'Recovery plan is ready, the timetable for its 77implementation still stands,' says government spokesman

Emmanuel Macron
France has already outlined some of the parameters of its crisis measures, including cuts to domestic business taxes, investment in promoting jobs for the young and funding for environmental initiatives.
Reuters Paris
1 min read Last Updated : Aug 22 2020 | 6:54 PM IST
The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of September, instead of next Tuesday, as it focuses on preparing the new school term.

"The recovery plan is ready, the timetable for its implementation still stands," government spokesman Gabriel Attal said in a statement.

Schools are set to reopen on Sept. 1, after most were closed during a two-month lockdown earlier this year to fight the coronavirus, and the government is working to ensure protective measures will be adequate, Attal said.

France has already outlined some of the parameters of its crisis measures, including cuts to domestic business taxes, investment in promoting jobs for the young and funding for environmental initiatives.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :CoronavirusFranceEconomic recovery

Next Story