deferrals or partial debt cancellations envisaged for “businesses facing a wall”

While some politicians are working to prepare for the exit from the health crisis, French nationals are stranded in Brazil, Wednesday April 14, after the government suspended, Tuesday and until April 19, all air links with the country , in which a variant, more contagious and more deadly, is particularly rampant and worrying.

As of April 12, there were more than 5,900 people with Covid-19 hospitalized in intensive care, a level now well above the peak of the second wave in the fall. In addition, more than 11 million French people have received at least a first injection of vaccine against Covid-19.

  • Debt spreading or cancellation “on a case-by-case basis”

Read also Covid-19: deferrals or partial debt cancellations envisaged for “companies facing a wall”

The Ministry of the Economy must propose “Within a few weeks a consultation and conciliation system” to spread or partially cancel corporate debts on a case-by-case basis, Bruno Le Maire said on Wednesday on RMC and BFM-TV. The Minister of the Economy acknowledged that there were “Companies facing a wall of debt”, weakened by a year of health and economic crisis, not because of the loan guaranteed by the State (PGE), but because of the other loans that they can no longer repay because of the lack of activity.

Article reserved for our subscribers Read also France is giving itself “five years to restore public finances after the crisis”, says Bruno Le Maire

Consultation should bring together the State, the auditor, representatives of the commercial court and bankers to “Let us say, on a case-by-case basis,” this company is in difficulty, it is facing a wall of debt, we see the problem coming “”, detailed the minister. “We are not going to wait for the company to hit the wall, we will look at its situation, study it all together and see whether it is necessary to spread its debt, or even to cancel its debt in part”, he also promised.

According to a study published Wednesday by the Altares firm, business failures are down 32.1% over one year in the first quarter of 2021, but 79% of judgments now lead directly to the liquidation of the company.

  • The PACA region wants to pre-order 500,000 doses of the Russian vaccine against Covid-19

A volunteer prepares a dose of vaccine against Covid-19 in the

The president of the Provence-Alpes-Côte d’Azur region Renaud Muselier (Les Républicains) announced on Wednesday that he had positioned himself with the Russian ambassador for a “Pre-order” 500,000 vaccines against the Covid-19 Sputnik V, “Subject to authorization” European.

Asked about the region’s lack of competence in health matters, Mr. Muselier said he would put these doses “Available to the regional health agency (ARS) to have vaccinations with my vaccinodromes” and that he had “Warned” the Minister of Foreign Affairs, Jean-Yves Le Drian, of his “Contact with the Russian ambassador”.

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“I saw the Russian Ambassador, I saw the German Land of Bavaria and I pre-ordered 500,000 doses of Sputnik [V], pending authorization from European health authorities, such as the Germans ”, thus explained on RTL the chosen one. “If I subscribe to the list, I will be one of the first on the list when they are available subject to European authorization”, he added, without further specifying the deadline.

The French Secretary of State for European Affairs, Clément Beaune, lamented on Sunday a “Communication blow” after Berlin announced the opening of talks with Russia for the purchase of Sputnik V vaccines.

  • Solutions under study for French nationals in Brazil

France is studying solutions for the repatriation of its nationals from Brazil, via “Particular or indirect flights”, said the Secretary of State for European Affairs on Wednesday. “Our nationals have a constitutional right to return to our territory” despite the suspensions of flights between Brazil and France, until April 19, due to the dangerousness of the Brazilian variant of Covid-19, said Clément Beaune on France 2.

Read also: The government resigns itself to suspending “until further notice” flights from Brazil

Questions also arise about compliance with the quarantine, requested but not imposed in France, for passengers arriving from abroad, mainly French nationals. Mr. Beaune recalled that of “Imposed quarantines [sont] very framed ”.

On this basis, quarantine compliance checks are being studied to “Small passenger volumes”, he also clarified. But “We cannot do it in a generalized way (…). There is not a policeman behind each passenger ”, he insisted.

The World with AFP