Carole Ferry, edited by Manon Fossat 7:25 am, November 10, 2021
Emmanuel Macron confirmed on Tuesday evening the extension of the State Guaranteed Loan (PGE) set up with the health crisis, for six additional months. This system, in effect until June 2022, should therefore allow companies to take full advantage of the country's economic recovery. But do they still really need it?
Emmanuel Macron spoke on Tuesday evening in a televised address.
Covid-19, unemployment insurance, pension reform ... The Head of State swept through several themes.
In particular, he confirmed the extension of loans guaranteed by the State, the famous PGEs, until June 2022. To respond to the urgency of the health crisis, the government had indeed set up this exceptional mechanism of guarantees that could range from up to 300 billion euros.
Europe 1 takes stock of this executive decision and the interest of extending this measure.
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16% of companies to have reimbursed
So far, banks have lent 143 billion euros to more than 752,000 companies.
For now, 16% of them have already fully repaid their loan, according to the French Banking Federation.
Half of them have chosen, as they are entitled to, to start their repayment with a one-year delay.
According to Bercy, 2,000 companies have called on the State guarantee, which represents 0.3% of signed loans.
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- Is the country's economic recovery real?
Currently, there is virtually no request for loans guaranteed by the State, recorded because most were contracted in 2020. But Emmanuel Macron still wishes to extend this device until next June.
Because if the economy is restarting in France, in certain sectors the recovery is slower, such as in tourism or the automobile.
It would therefore be a shame to deprive oneself of effective tools when an epidemic resumption points, we are told at Bercy.
To be effective, this extension still needs to be endorsed by the European Commission.
It should be pronounced on November 17th.