UPDATE 1-France could nationalise big companies if necessary - finance minister [Reuters (UK)]
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Source: Reuters
UPDATE 1-France could nationalise big companies if necessary - finance minister - Reuters 2 Min Read (Adds details) PARIS, March 17 (Reuters) - The French government is prepared to use all means to support big companies suffering in financial market turmoil, including nationalisation if necessary, the finance minister said on Tuesday. Bruno Le Maire’s remarks are the strongest indication yet that Paris is ready to pull out all the stops to steady the country’s biggest companies amid the turbulence unleashed by the coronavirus pandemic. “I won’t hesitate to use all means available to protect big French companies,” he said on a conference call with journalists. “That can be done by recapitalisation, that can be done by taking a stake, I can even use the term nationalisation if necessary,” Le Maire added, without saying which companies could be treated as a priority. Le Maire also welcomed a decision by France’s financial markets authority to ban short-selling during trading on Tuesday o
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