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EU blesses France's €3bn state-aid scheme
By EUobserver
France has got the European Commission's green light to pay out €3bn in state aid to some 100 companies in distress due to the pandemic, Reuters reports. The so-called Transition Fund will be used to pay down corporate debt and inject capital using loans and share purchases. The EU has loosened state-aid and national-debt rules in the wake of coronavirus and is also pumping billions of aid into member states.