LIVE – Coronavirus: the state has spent 450 billion euros on the French economy

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It is a new stage which is announced in France. After a long weekend, the government is preparing the next deconfinement measures with announcements expected next week on the long holidays and the reopening of bars and restaurants, while Spain reopens on Monday some of its café terraces and beaches.

The number of patients in intensive care because of the coronavirus continued to decrease slightly Sunday at 1.655 (-10 compared to Saturday). 43 new deaths were recorded in hospitals this Sunday, after 35 others on Friday, bringing the total toll to 28,367 deaths – excluding Ehpad – in France since March 1. On the front line facing the Covid-19 epidemic, nursing staff awaits the kick-off on Monday of the “Ségur de la santé”, which aims to improve working conditions and care for the sick in hospital . The pandemic has killed at least 343,205 people worldwide since its onset in December in China. The toll is particularly heavy in the United States with 97,686 deaths since the arrival of the pandemic.

Information to remember

> The number of patients in intensive care continues to decrease in France

> The United States has 638 additional deaths in 24 hours

> In Spain, certain beaches are again authorized on Monday, as well as the terraces in Madrid and Barcelona

> The state of emergency lifted in Japan

The Prime Minister announced the lifting of the state of emergency still in place in the last regions of the archipelago where it was in force, including Tokyo, while the number of new cases continues to decrease in the country.

“We had very restrictive criteria to allow the lifting of the state of emergency. We have determined that these criteria are met, ”said Shinzo Abe during a televised press conference. “Today we will lift the state of emergency across the country.”

> The deconfinement boosted book sales

Readers returned to their bookstores as soon as the confinement ended, according to a study by the GfK Institute for the professional magazine Livres Hebdo. Sales increased by 233% in value and 178% in volume during the week of May 11 to 17, the first of the deconfinement, compared to the previous week, this study indicates.

In annual comparison, sales were 2.7% higher in value and 6.8% in volume compared to 2019. The market contracted by more than 60% in number of copies sold and in value two previous weeks.

> The balance exceeds 350,000 contaminations in Russia

Russia reported on Monday 8,946 additional cases of coronavirus contamination in 24 hours, bringing the total number of confirmed cases to 353,427 since the start of the epidemic.

The national crisis center dedicated to the management of the epidemic recorded at the same time 92 additional deaths within the framework of this health crisis whose assessment now amounts to 3,633 deaths in Russia.

> Masks: prices respected but information to consumers still imperfect

The framing of the prices of masks intended to fight against the spread of the coronavirus is “very largely respected” but the information intended for the consumers is still often imperfect, notes Monday the Secretary of State for the Economy, Agnès Pannier-Runacher .

In a Bercy press release taking stock of the controls carried out by the Directorate-General for Competition, Consumption and the Suppression of Fraud, the Secretary of State considers that there is still “progress to be made so that good information is provided to consumers ”, in particular as to the presence or not of instructions for the use of masks, sometimes written in a foreign language.

“These situations must be corrected as soon as possible,” says Bercy, who specifies that “warnings” in the form of reminders to the law were made against businesses that had not made their customers available. information notices.

> Partial unemployment: the system will evolve in a “reasonable” way

Economy Minister Bruno Le Maire said on Monday that the partial unemployment support scheme would evolve in a “reasonable” manner on June 1. “There will be an evolution of the rules” of the assumption of partial unemployment by the State, declared the minister on BFM TV-RMC.

“We will be less than 100% but, do not worry, we will not go to 50 or 70%”, detailed the Minister of Economy, who will make “quantified proposals” in “the next few days” with the Minister of Labor, Muriel Pénicaud. “It will be reasonable, it will be progressive, it will be announced on June 1,” he said.

> What the State has devoted to the French economy

The state has mobilized a total of 450 billion euros, or 20% of national wealth, to support the French economy in the face of the new coronavirus crisis, said Bruno Le Maire on Monday. This envelope includes both funds actually released and guarantees made on loans.

“If we take all of what has been done, in budget and cash support, it is 450 billion euros, 20% of the national wealth, which have been put on the table,” said the Minister of the Economy on BFM TV and RMC. Bruno Le Maire also said that the taxation of digital giants has so far brought in 350 million euros.

> The Paris Stock Exchange opens higher

The Paris Bourse started in the green on Monday, a session which promises to be calm despite the growing tensions between Washington and Beijing. At 9:00 a.m. (7:00 a.m. GMT), the CAC 40 index advanced 37.98 points to 4,482.54 points. On Friday, it closed at breakeven (-0.02%) at 4,444.56 points.

> Bruno Le Maire clarifies the requirements of the State vis-à-vis Renault

The French government does not require Renault to close any site in exchange for a loan guaranteed by the state, announced the Minister of Economy and Finance. “Of course we will be attentive to each job, but we want to give Renault the opportunity to adapt its production tool,” said Bruno Le Maire, on the air of BFM TV.

The minister said the deal on a state-guaranteed loan to help the builder cope with the coronavirus crisis is still pending. Emmanuel Macron is to present Tuesday an assistance plan for the automotive sector which will be accompanied in return for commitments on investment and employment in France. Bruno Le Maire said that this plan would contain “strong” measures.

> Italy: deconfinement continues

Swimming pools, gyms and fitness clubs reopen on Monday in Italy, marking a new stage in the deconfinement that began three weeks ago. A week after the green light to reopen bars and restaurants, the some 10 million Italians who more or less regularly attend sports halls will once again be able to sweat, provided they reserve their place.

Only two regions have delayed this reopening, Lombardy (North) to May 31 and Basilicata (South) to June 3. The wearing of the mask will not be compulsory during the exercises but many rooms will impose it from the entrance to the changing rooms.

> Sales, later than expected?

> Nikkei up at the close

The Tokyo Stock Exchange ended sharply higher, supported by media reports that Japan is considering a new support plan of more than 929 billion dollars which will mainly include financial assistance programs for companies hit by the related health crisis with coronavirus.

Japanese investors also welcomed the lifting of the state of emergency in the capital Tokyo on Monday. The Nikkei index gained 1.73% to 20,741.65 points and the broader Topix took 1.65% to 1,502.20 points.

> The impossible massive return to schools

After some apprehension, communities expect more parents to want to return their children to school starting in June. Thus, mayors expect “severe reception difficulties” in schools. Because all the students will not be able to be accommodated, due to the lack of premises and staff available. Faced with this, the Minister of Education, Jean-Michel Blanquer, offers sports and cultural activities with supervisors recruited from animators, students, parents or retired volunteers.

> Limitation of gatherings increases to 100 people in New Zealand

The limitation of rallies in effect to deal with the coronavirus crisis has increased from 10 to 100 people in New Zealand, announced Prime Minister Jacinda Ardern.

The state of alert, currently at level 2, will also be reviewed on June 8 and the return to level 1 should take place no later than 22.

> Fiji Airways cuts more than half of its workforce

Fiji Airways has announced that it will cut more than half of its workforce after its revenue collapses to “almost zero” due to travel restrictions. General manager Andre Viljoen explained that after having “exhausted all other options”, the company decided to part with 758 people, or 51% of its workforce.

Unlicensed staff will face a permanent 20% drop in salary.

> Ten more deaths in Germany

The number of confirmed cases of coronavirus contamination in Germany has increased to 178,570, 289 more than the previous day, reported on Monday the Robert Koch Institute (RKI) for infectious diseases.

In total, there have been more than 8,257 deaths since the start of the epidemic in the country.

> Japan plans new plan worth more than $ 900 billion

While Tokyo is about to lift the state of health emergency, Japan is considering a new budget package of more than 929 billion dollars (852 billion euros) which will mainly include financial assistance programs for businesses affected by the coronavirus health crisis.

This plan is to be funded by a second additional budget for the current fiscal year started in April. It would add to the record $ 1.1 trillion budget package released in April to help ease the economic impact of the coronavirus epidemic. The government is expected to approve the budget at a cabinet meeting scheduled for Wednesday.

> Eleven additional cases reported in China

Eleven new cases of coronavirus contamination have been confirmed in mainland China, bringing the total number of cases in the country to 82,985 since the epidemic broke out there late last year.

All of these new cases concern travelers arriving from abroad, said the National Health Commission in its daily report. No new deaths have been reported. The coronavirus has caused 4,634 deaths in the country.

> Healthcare staff: Martin Hirsch calls for a differentiated salary approach

In Les Echos, Martin Hirsch, Director General of Public Assistance – Hôpitaux de Paris, estimates between 15 and 20% the necessary increase in remuneration for an upgrade, as the kickoff of the “Ségur de la health ”aimed at improving the working conditions of nursing staff. “We can perfectly put flexibility without breaking the statutes. It is not written in the Constitution that the existence of a hospital public service implies an equal remuneration between all the medical disciplines ”, estimates the director of the APHP.

> Donald Trump bans travelers from Brazil

The American president on Sunday banned entry into the United States from travelers from Brazil, which has become the second country most affected by the coronavirus pandemic, the White House announced.

Non-Americans who have visited Brazil during the 14 days preceding their request to enter the United States will not be accepted. Trade is not affected by these measures.

> Bonuses planned to encourage Americans to return to work

In the United States, there is no shortage of ideas to try to revive an economy in the doldrums. Ohio Senator Rob Portman wants to reward employees who find jobs. The government would provide them with assistance of $ 450 a week, in addition to their wages.

With the various aid plans, the Republicans fear that the exceptional measures will discourage the Americans from finding work: a weekly aid of 600 dollars is allocated to those who lose their jobs, in addition to the allowances already in place.

> The situation is getting worse in Latin America

Brazil and, with it, the whole of Latin America and the Caribbean see their situation worsening more and more. The World Health Organization (WHO) warned Friday that the region is “a new epicenter” of the pandemic, with a particularly alarming situation in Brazil.

Latin America and the Caribbean surpassed 40,000 dead on Sunday. With 22,666 deaths, Brazil is by far the most affected country in the region, followed by Mexico (7,394 deaths) and Peru (3,456 deaths). This did not prevent Brazilian President Jair Bolsonaro, who minimizes the gravity of the pandemic from the start, from taking a crowd on Sunday with his supporters in Brasilia. Falling the mask, shaking hands and even carrying a child on his shoulders.

> Nearly 100,000 dead in the United States

In the United States, daily reports remain heavy. According to the latest Johns Hopkins University count published on Sunday, 638 deaths have been recorded in the previous 24 hours.

With a total of 97,686 deaths since the arrival of the pandemic, the United States is on the verge of crossing the 100,000 death mark. To anticipate this tragic moment and honor the memory of the victims, the American flags were flown at half-mast for three days on the orders of Donald Trump.


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