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Bruno Le Maire

France to become biggest Air France shareholder with capital hike
Business & Finance

France to become biggest Air France shareholder with capital hike

  • The French government will convert a 3 billion euro loan extended to the group last year into a hybrid instrument and commit up to an additional 1 billion euros to a planned share issue, raising its stake in Air France-KLM to almost 30%.
  • "This will make the state Air France's biggest shareholder," French Finance Minister Bruno Le Maire said on France Inter radio, calling the move a "sign of commitment" to the airline and its French jobs.
Published 06 Apr, 2021 12:14pm
Europe should match US's economic stimulus ambition: France
World

Europe should match US's economic stimulus ambition: France

  • The new administration of US President Joe Biden is already making payments to households under a new $1.9 trillion COVID-19 relief package and plans to plough $2.3 trillion into infrastructure investments to fire up the world's biggest economy.
  • "The best response to US ambition isn't to fight it. It is to match it. Europe needs to challenge itself like America does," he added.
Published 01 Apr, 2021 07:59pm
Air France refinancing step expected in days, minister says
Business & Finance

Air France refinancing step expected in days, minister says

  • The airline group, which received a 10.4 billion-euro ($12.3 billion) bailout to weather the coronavirus crisis last year, plans to convert 4 billion euros in French and Dutch government loans into hybrid "quasi-equity".
  • "We are nearing a deal," Finance Minister Bruno Le Maire said on France Info radio, predicting a final agreement within "a matter of days".
Published 29 Mar, 2021 08:24pm
France looks to ease family gifting rules to reduce savings glut
World

France looks to ease family gifting rules to reduce savings glut

  • Like many countries, France has seen a surge in savings during the coronavirus crisis due to various restrictions on movement that prevented people from spending in bars, restaurants, cultural venues and on trips.
  • The central bank estimated last month that households had built savings in excess of what could be expected under normal circumstances of up 120 billion euros ($144.4 billion) last year.
Updated 04 Mar, 2021 09:52pm
France flags G20 consensus on tax reform, IMF SDRs, debt
World

France flags G20 consensus on tax reform, IMF SDRs, debt

  • Le Maire said talks on rewriting decades-old rules on cross-border taxation needed to wrap up by summer and that a new allocation of International Monetary Fund (IMF) special drawing rights, along with a new G20 framework to ease poor countries' debt, were needed.
Published 26 Feb, 2021 09:21pm