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France: EU approves EUR 10 billion funds of reinsurance scheme (COVID-19)

Description

On 17 July 2020, the EU approved a EUR 10 billion (approx. USD 11.4 billion) French state measure composed by two reinsurance schemes - CAP and CAP+ - as a response for the economic crisis originated ...

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Intervention Details

Intervention Type

State aid, nes

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Jul 2020

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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