LABOR MINISTER PENICAUD ANNOUNCE NEW MESAURES FOR WORK LEAVE PAYMENT

AND THE UNEMPLOYED

Responsible Author: Jedi Foster P/O Rahma Sophia Rachdi | Paris, Washington DC, 03/26/2020, 22:53 Time

USPA NEWS - The Minister of Labor, in France, Muriel Penicaud presented three ordinances, at the end of the Council of Ministers, which adopted twenty five ordinances total in rest to the crisis of the epidemic of COVID-19 and the economic consequences, health and social.

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ECONOMY MIN LEMAIRE ANNOUNCES NEW MEASURES TO SUPPORT ENTRPERENEUR

TO AVOID THE CRISIS LIKE 1929

Responsible Author: Jedi Foster P/O Rahma Sophia Rachdi | Paris, Wahsington DC, 03/26/2020, 22:46 Time

USPA NEWS - The Minister of Economy and Finance, Bruno Lemaire has presented four legal orders (Ordinances) as regard of the businesses and entrepreneurs, due to the national lock down, officially start in France ion March 17th. The aim is to reduce the risks of a major economic crisis in France, as
The Minister of the Economy, Bruno Lemaire who made an alarming statement, drawing a parallel between the foreseeable consequences of the COVID-19 epidemic and "the great depression of 1929". Indeed, while the French economy was idling with only 25% of national activity since the confinement came into force on March 17, following the spread of COVID19. The Minister of Economy and Finance Bruno Lemaire also expressed concern, in particular the risks of bankruptcy of French companies which could encourage the State to nationalize some if necessary. "We are not going to let industrial jewels go up in smoke because there is an economic crisis of a violence which is undoubtedly unprecedented since 1929 in the Western countries", he warned. This is why he has just announced the ordinances, adopted near the Council of ministers,

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