Resilience plan: the new “whatever it takes”

“IThere is no question of exposing ourselves without protecting ourselves. The Prime Minister, Jean Castex, presented in person on Wednesday the “economic and social resilience plan” to enable companies to cope with the consequences of the Russian war in Ukraine. While the government had already deployed a tariff shield of around twenty billion euros (the estimate varies according to assumptions on the price of gas) to cushion the surge in energy prices for the population, it is now trying to protect business activity as well.

Aid open to all sectors will help relieve those who are most dependent on increases in the price of gas or electricity. The regime that limits the use of state aid in Europe to preserve the…