As part of our partnership with Forbes magazine, read an opinion piece by Pierre-Michel Becquet, economist at BSI Economics, giving an initial assessment of the implementation of state-guaranteed loans.
The Covid-19 crisis has hit economies around the world with extraordinary force. In France, the response has been commensurate with the scale of the economic crisis, and support measures were quickly announced for businesses across the country. State-guaranteed loans (PGE) were rapidly promoted as the solution to businesses’ cash flow problems, with all French banks and credit institutions mobilized to provide them. After two months of lockdown in France, what is the outcome of this shock treatment?
Click here to read the opinion piece.
Photo credit: Forbes (2020)
