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France: EU approves EUR 7 billion umbrella scheme to support businesses in the context of the COVID-19 pandemic

Description

On 20 April 2020, the EU approved a EUR 7 billion (approx. USD 7.6 billion) French state aid measure in the form of an “umbrella scheme” to support businesses in the context of the COVID-19 pandemic. ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Apr 2020

Revocation date

20 May 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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