Slammed by virus, France unveils huge economic rescue plan

PARIS (AP) — Facing resurgent virus infections, France’s government unveiled details yesterday of a EUR100 billion (USD118 billion) recovery plan aimed at creating jobs, saving struggling businesses and pulling the country out of its worst economic slump since World War II.

Prime Minister Jean Castex said on RTL radio ahead of the presentation that the plan hopes to create 160,000 jobs next year and restore France’s economic growth levels of 2019 by 2022 — the year of France’s next presidential elections.

Called ‘France Reboot’, the plan includes money for renovating buildings and boosting rail use to reduce emissions.

France reported more than 7,000 virus cases yesterday, the highest daily rate in Europe and well above the several hundred cases a day in May and June, when France was emerging from strict lockdown and testing less.

The number of people in intensive care with the virus is slowly edging up, though is far from the crisis levels of March and April.