France announces €18 bil rescue plan for virus-stricken tourism sector

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France announces €18 bil rescue plan for virus-stricken tourism sector
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Sector generates nearly 8% of the country's economic output and employs some 2 million people. FMTNews Covid19

PARIS: France announced an €18 billion rescue plan Thursday to help its tourism sector through the coronavirus crisis that has shuttered hotels and restaurants in one of the world’s most visited destinations.

The €1.3 billion “will generate private investments” for total direct investment in the sector worth about €7 billion, said Philippe. The country started cautiously lifting confinement measures Monday, allowing people to return to work but keeping cafes, bars, restaurants, hotels, major museums and public parks shuttered along with a 100km limit on travel from the home.

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