France announces 18-bn-euro rescue plan for virus-stricken tourism sector

Paris (AFP) – France announced an 18-billion-euro ($19.4-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 plan includes 1.3 billion euros in direct public investment as well as government-guaranteed loans and extended access to a “solidarity fund”, Prime Minister Edouard Philippe announced.”Whatever strikes tourism obviously strikes at the heart of France,” the premier said, underscoring the importance of reviving a sector that generates nearly eight percent of t…

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