Global Trade Alert
Global Trade Alert

France: EC approves modification and budget extension of umbrella scheme (COVID-19)

Announcement

20 May 2020

In May 2020, the European Commission approved a French state aid amendment that modifies and extends the budget of the umbrella scheme established in April 2020 (see related state act).

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

20 May 2020

Revocation date:

No revocation date

Financial grant

On 20 May 2020, the EU approved an amendment that modifies the scope and enlarges the budget of the umbrella scheme approved in April 2020 (see related state act) from EUR 7 billion (approx. USD 7.7 b...

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Loan guarantee

On 20 May 2020, the EU approved an amendment that modifies the scope and enlarges the budget of the umbrella scheme approved in April 2020 (see related state act) from EUR 7 billion (approx. USD 7.7 b...

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State loan

On 20 May 2020, the EU approved an amendment that modifies the scope and enlarges the budget of the umbrella scheme approved in April 2020 (see related state act) from EUR 7 billion (approx. USD 7.7 b...

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Capital injection and equity stakes (including bailouts)

On 20 May 2020, the EU approved an amendment that modifies the scope and enlarges the budget of the umbrella scheme approved in April 2020 (see related state act) from EUR 7 billion (approx. USD 7.7 b...

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Tax or social insurance relief

On 20 May 2020, the EU approved an amendment that modifies the scope and enlarges the budget of the umbrella scheme approved in April 2020 (see related state act) from EUR 7 billion (approx. USD 7.7 b...

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