PARIS (Reuters) - The French government has drawn up a list of companies that may need state support ranging from a capital injection to outright nationalization, France's finance minister said.
Bruno Le Maire told France Info radio that he could not give the names of the companies on the list, but that they knew they could count on the support of the government.
"Nationalization is obviously a last resort, but it is something that we do not exclude," Le Maire said, comparing the current economic crisis to the Great Depression of 1929.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.