Darmanin: France May Need Third Emergency Budget

France may need a third emergency budget to prepare more spending if the economy is hit harder by the coronavirus and confinement measures, French Budget Minister Gerald Darmanin says.

• Darmanin speaks on France Inter radio
• Says France can still borrow in satisfactory conditions and the government has chosen debt instead of mass bankruptcies and lay-offs
• Darmanin says France should not reinstate a wealth tax as it would discourage investment in companies
• NOTE: France’s Emergency Plan Totals EU110B, Philippe Says

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William Horobin in Paris at whorobin@bloomberg.net

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