Economy

Reuters exclusively reports France to hike crisis response by 10 billion euros

Reuters exclusively reports France to hike crisis response by 10 billion euros

Reuters exclusively reported that the French government is set to raise the total amount of its crisis-response package by 10 billion euros ($11 billion), the second increase in days, when it updates its 2020 budget. The government more than doubled the expected cost to 100 billion euros last week, but extending a nationwide lockdown means that sum is already out of date and the new revision shows how the costs of bailing out the economy are ballooning