France could nationalise big companies if necessary - finance minister

“I won’t hesitate to use all means available to protect big French companies”

Reuters

17 March, 2020, 04:20 pm

Last modified: 17 March, 2020, 04:25 pm

French Finance Minister Bruno Le Maire leaves after the weekly cabinet meeting at the Elysee Palace in Paris, France March 4, 2020. REUTERS/Charles Platiau

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.

"I won't hesitate to use all means available to protect big French companies," Finance Minister Bruno Le Maire 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.

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