French economy ‘It’s the calm before the storm’

“We didn’t know then financial markets would remain open,” says one top Elysée official. “We wanted to prevent irreversible consequences from a temporary crisis.” 

To get money out the door quickly, the government enlisted the banks to evaluate applications and administer the loans. 

Companies of any size or type could ask for loans worth up to three months of sales based on 2019 performance, or based on wage bills for new companies.

FT 10 December 2020

https://www.ft.com/content/d1fc4330-8ed4-4f7d-87ff-000d7237a6cf