France Delays Launch of COVID-19 Economic Reboot Plan to September

Business

August 22nd, 10:45am

Asharq Al-Awsat

FILE PHOTO: A general view shows the Eiffel Tower and the financial and business district in La Defense, west of Paris, France November 22, 2017. REUTERS/Gonzalo Fuentes/File Photo

The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of September, instead of next Tuesday, as it focuses on preparing the new school term. "The recovery plan is ready, the timetable for its implementation still stands," government spokesman Gabriel Attal said in a statement. Schools are set to reopen on Sept. 1, after most were closed during a two-month lockdown earlier this year to fight the coronavirus. The government is working to ensure protective measures will be adequate, Attal said, Reuters reported. France has already outlined some of the parameters of its crisis measures, including cuts to domestic business taxes, investment in promoting jobs for the young and funding for environmental initiatives.

from Asharq AL-awsat https://english.aawsat.com/home/article/2462896/france-delays-launch-covid-19-economic-reboot-plan-september