France Pledges $50 Billion in Aid for Businesses as Country Goes Under Lockdown

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France Pledges $50 Billion in Aid for Businesses as Country Goes Under Lockdown
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“There is a war against the virus. There is also an economic and financial war. This economic war will be long-lasting and violent,” French Finance Minister Bruno Le Maire said

PARIS—France is promising €45 billion in immediate aid for businesses and employees hit by the coronavirus pandemic, which is slowing or shutting down swaths of the global economy.

French Finance Minister Bruno Le Maire, speaking Tuesday morning in a radio interview, said that his provisional predictions show the response to the coronavirus will slash 1% from France’s gross domestic product in 2020. The government plans to present a revised budget law for 2020 with the new prediction later Tuesday, Mr. Le...

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