France Primes Fresh Stimulus to Boost Jobs, Cut Taxes on Firms

France will unveil “massive” support for youth employment this week and a new broad stimulus plan including tax cuts for companies at the end of August, Finance Minister Bruno Le Maire said.

The measures will be in addition to emergency aid to protect jobs and companies during the lockdown and a series of support plans for sectors including tourism and auto and aircraft manufacturing.

“It can go very high,” Le Maire said, when asked on RTL radio if the stimulus plan would be between 50 billion euros ($57 billion) and 100 billion euros.

The French government is seeking a balance ...