Archives of “French Fab” tag

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France plans to hand out €1,500 to small independent workers

  
  Analysis
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Comments by French finance minister, Bruno Le Maire

  • Calls on workers who can, to keep working
So far, there are a lot of big plans touted by governments across the globe to try and tackle the economic fallout from the virus outbreak but how effective is the execution and transmission of all this remains to be seen.

France says virus economic impact will be much bigger than the 0.1% forecast initially

  
  Analysis
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Comments by French finance minister, Bruno Le Maire

  • It is too early to provide a new growth forecast
  • There will be concerted action by the government to support the economy
  • Says G7 finance ministers will speak this week to coordinate efforts
The headline may not sound too pleasant but the initial 0.1% forecast was a bit unrealistic anyway. In any case, more talk of coordinated action by governments across the globe to bolster the economy is definitely a welcome signal for risk to start the week.

France’s Le Maire: There is a glimmer of hope for a Brexit deal

  
  Analysis
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Comments by French finance minister, Bruno Le Maire

  • Reiterates that it is more preferable to have a Brexit deal than no-deal
  • Will have to see what concessions have been made in Brexit negotiations
  • Red line remains the importance of protecting European single market
Nothing that really stands out here from Le Maire but for now, we could be still headed towards some form of draft deal ahead of the summit tomorrow.
That said, it remains to be seen whether or not the deal will fly with the UK parliament. I reckon that’s more of the spot to watch rather than how things will play out with the EU.
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